-
Call Us
+265 999 941 333 | +265 999 938 333
-
Email Us
info@neef.mw
-
Working Days
Monday - Friday
- Chat with us
Loan Product Details
Individual Loan Product
Target Market
- Individuals involved in farming aged from 18 to 75 years and are looking for inputs like fertiliser, seeds and chemicals.
Objectives
- Contribute to socio-economic development.
- Promote job creation.
- Entrench entrepreneurship spirit
Requirements
- National ID
- Letter from local leader
- Sketch map to place of residence and business
- Bank statements
- AEDO’s certification of appropriateness of the amount of the inputs requested.
- Proof of farmland acreage.
- Business Profile/records
- Business Registration
- Physical Collateral
- Guarantors letter and his/her National ID
- Spouse consent letter where applicable
- Memorandum and Articles of Association for private limited companies
- Passport Size Photo (Colour)
Thresholds
- Min: MK5,000,000
- Max: MK250,000,000
Collateral Requirements
- Collateral Insurance - TBA
- Land (Registered and Unregistered Land)
- Vehicles
- Woodlot/Orchard
- Plant and Equipment
- Household Chattels•
Group Loan Product
Target Market
- Individuals involved in farming aged from 18 to 75 years and are looking for inputs like fertiliser, seeds and chemicals.
Objectives
- Contribute to socio-economic development.
- Promote job creation.
- Entrench entrepreneurship spirit
Requirements
- Leadership committee
- Group guarantor-ship
- AEDO’s certification of appropriateness of the amount of the inputs requested.
- Proof of farmland acreage.
- Maximum radius of 5 km
- Group photo
- Letter from local leader
- Sketch map (To leader’s residences, to meeting place- must be a home of one of leader
- Proof of farmland acreage.
Thresholds
- K5,000,000 to K30,000,000
- 1st Time borrower from K5,000,000
- 2nd Time borrower from K10,000,000
- 3rd Time borrower K20,000,000
Collateral Requirements
- Group Cohesion
- Individual members personal assets that are submitted collateral to group. Land (Registered and Unregistered Land)
- Vehicles
- Woodlot/Orchard
- Plant and Equipment
- Household Chattels