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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 youth aged from 18 years up to 35 years in business or those who want to venture into business.
Objectives
- Contribute to socio-economic development.
- Promote job creation.
- Entrench entrepreneurship spirit
Requirements
- National ID
- Business profile for existing enterprises/business plans for start-ups
- Bank statement
- Identification letter from Village Head or local leader in an urban location
- Sketch Map of residence and business premises.
- Consent from spouse (if applicable).
- Letter of personal guarantor.
- Passport Size Photo (Colour)
- Tax Clearance for loans above K5 million
Thresholds
- Minimum K3,000,000 to Maximum K30,000,000
Collateral Requirements
- Land (Registered and Unregistered Land)
- Vehicles
- Woodlot/Orchard
- Plant and Equipment
- Household Chattels
Group Loan Product
Target Market
- Individual youth aged from 18 years up to 35 years in business or those who want to venture into business.
Objectives
- Contribute to socio-economic development.
- Promote job creation.
- Entrench entrepreneurship spirit
Requirements
- National IDs for all members
- Group constitution
- Cross- guarantorship
- Business profile for existing enterprises/business plans for start-ups
- Bank statement for existing business
- Letter of consent from guardians and their National ID
- Identification letter from Village Head or local leader in an urban location
- Sketch Map to meeting place and residence of leadership (Chairperson, Secretary and Treasurer)
Thresholds
- Minimum K5,000,000 to Minimum 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
- Mutual guarantee
- Individual members pledge collateral to Leadership. Land (Registered and Unregistered Land)
- Vehicles
- Woodlot/Orchard
- Plant and Equipment
- Household Chattels