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Call Us
+265 999 941 333 | +265 999 938 333
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Email Us
info@neef.mw
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Working Days
Monday - Friday
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Loan Product Details
Individual Loan Product
Target Market
- Individual men who have acquired skills from different institutions and programs such as TEVET, Colleges & technical schools, Government internship.
Objectives
- Contribute to socio-economic development.
- Promote job creation.
- Entrench entrepreneurship spirit
Requirements
- National ID
- Colour passport-size photos
- Partnership Deed
- Business Registration Certificate
- Personal Guarantor
- Guardians’ Consent for Collateral and Loan
- Letter from local leader
- Sketch map to residence of place of business
- Certificate of competence for the skills professed from training institutions.
Thresholds
- Minimum K3,000,000 to Maximum K30,000,000
Collateral Requirements
- Personal guarantor
- Institution guarantor e.g., TEVETA, SMED or others where possible.
- Plant and Equipment
Group Loan Product
Target Market
- Individual men who have acquired skills from different institutions and programs such as TEVET, Colleges & technical schools, Government internship.
Objectives
- Contribute to socio-economic development.
- Promote job creation.
- Entrench entrepreneurship spirit
Requirements
- National IDs
- Colour passport-size photos
- Partnership Deed
- Business Registration Certificate
- Personal Guarantor
- Guardians’ Consent for Collateral and Loan
- Letter from local leader
- Sketch map to residence of place of business
- Certificate of competence for the skills professed from training institutions.
Thresholds
- Minimum K10,000,000 to Maximum K30,000,000
Collateral Requirements
- Institution guarantor e.g., TEVETA, SMEDI or others where possible.