• National Economic Empowerment Fund (NEEF), Malawi

Loan Product Details

Loan Product Details

Individual Loan Product
Target Market
  • Individuals either employed or engaged in micro or small enterprises from which repayments will come. Ages from 18 to 75 years. Purpose for the loan is to build, renovate or buy a dwelling house for the applicant.
Objectives
  • Contribute to socio-economic development.
Requirements
  • National ID
  • Identification letter from Village Head or local leader in an urban location
  • Proof of ownership of plot
  • Bill of quantities for the project
  • Sketch Map to residence
  • Police clearance report
  • Sketch map to place of business.
Thresholds
  • Minimum K5,000,000 to Maximum K30.0 million
Collateral Requirements
  • Sworn Affidavit over unregistered land.
  • Charge over registered land
  • Vehicles
  • Woodlot/Orchard
  • Plant and Equipment
  • Household Chattels
  • Furniture, Fixtures and fittings
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