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+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
- SMEs (individuals or partnerships) in established Agri-enterprises to assist with farm mechanization,
- value addition, among others
Objectives
- Contribute to socio-economic development.
- Promote job creation.
- Entrench entrepreneurship spirit
Requirements
- National ID
- Bank statement (minimum of 6 months)
- Business records (income statement, balance sheet, cash flow statement)
- Business profile including relevant business licenses and certificates.
- Physical collateral-
- Letter from local leader
- Sketch map (residence and business premises)
- Guarantor’s Letter and his/her National ID,
- Spouse consent letter (where applicable) and his/her National ID
- Memorandum and Articles of Association for private limited companies.
- Police clearance report
- Passport Size Photo (Colour)
- Business Plan with indication of the demand and supply chain
Thresholds
- Above K30.0 million to K250.0 million
Collateral Requirements
- Landed Property
- Vehicles
- Plant and Equipment
- Livestock