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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
- INGO employees who want to venture into or are already in business. Their loan contract or the remaining part thereof cannot be less than the loan term proposed.
Objectives
- Contribute to socio-economic development.
- Promote job creation.
- Entrench entrepreneurship spirit
Requirements
- National ID
- Recent colour passport-size photo
- Bank statement for salary account (3 months)
- Letter from employer confirming employment status.
- Copy of Employment Contract
- Three most recent pay slips.
- Personal Guarantor Physical Collateral where appropriate
- Sketch Map to residence
- Copy of Bank certified Standing Order/Debit Order Instruction.
Thresholds
- Minimum K500,000 to Maximum of applicant’s repayment capacity.
Collateral Requirements
- Job contract from their organization
- Land (Registered and Unregistered Land)
- Vehicles
- Woodlot/Orchard
- Plant and Equipment
- Household Chattels
- Furniture, Fixtures and fittings