Lilongwe 07:30 – 16:30 4295
COOPERATIVES LOANS

Contribute to socio-economic development. Promote job creation. Entrench entrepreneurship spirit

COOPERATIVES LOANS

Individual Loan

Rate: Interest rate- 5.2% pm Processing and administration fee- 5.0% Collateral Insurance - TBA%

Target Market

Cooperatives in Agriculture, Wholesale or Retail Trade, Mining, Financial Services and any emerging sectors. Thus production, marketing and value addition.

Tenure

Maximum of 36 months

Thresholds

Above K30.0 million to K250.0 million


Objectives
  • Contribute to socio-economic development.
  • Promote job creation.
  • Entrench entrepreneurship spirit
Benefits
Requirements
  • Cooperative Certificate from Government.
  • Rules of Engagement or Constitution.
  • National IDs for all paid up members (subscribers)
  • Sketch map to collective enterprise
  • Sketch of map to residences of the executive committee of the cooperative.
  • Colour group photo.
  • Association Registration Certificate where applicable.
  • Letter of Identification from any primary cooperative to which applicant is affiliated.
  • Title documents to assets.
Collateral
  • Land (Registered and Unregistered Land)
  • Vehicles
  • Woodlot/Orchard
  • Plant and Equipment
  • Household Chattels
  • Furniture, Fixtures and fittings•
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