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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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Monday - Friday
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Loan Product Details
Individual Loan Product
Target Market
- Individuals who have acquired skills from different institutions and programs such as TEVET, Colleges & technical schools, Government internship.
Objectives
- To contribute to the creation of jobs to idle skilled graduates.
- Encourage entrepreneurial partnerships
Requirements
- National ID
- Colour passport-size photos
- Partnership Deed
- Business Registration Certificate
- Personal Guarantor
- Guardians’ Consent for Collateral and Loan
- Letter from local leader
- Sketch map to residence of place of business
- Certificate of competence for the skills professed.
Thresholds
- Minimum K3,000,000 to Maximum K30,000,000
Collateral Requirements
- Personal guarantor
- Institution guarantor e.g., TEVETA, SMED or others where possible.
- Plant and Equipment
Group Loan Product
Target Market
- Individuals who have acquired skills from different institutions and programs such as TEVET, Colleges & technical schools, Government internship.
Objectives
- To contribute to the creation of jobs to idle skilled graduates.
- Encourage entrepreneurial partnerships
Requirements
- National IDs for all members
- Group constitution
- Cross-guarantorship
- Identification letter from Village Head or local leader in an urban location
- Sketch Map to meeting place and residence of leadership (Chairman, Secretary and Treasury, Discipline Enforcer)
- Certificate of competence for the skills professed (for artisans’ start-ups)
Thresholds
- Minimum K10,000,000 to Maximum K30,000,000
Collateral Requirements
- Institution guarantor e.g., TEVETA, SMEDI or others where possible.