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MICROINDUSTRY LOANS

To contribute to the industrialization of the Malawian economy in line with Malawi 2063 Contribute to socio-economic d...

MICROINDUSTRY LOANS

Individual Loan

Rate: Interest- 4.8% pm Processing and admin fee- 4% Life Insurance- 1.5%. Collateral Insurance - TBA%

Target Market

Small and Medium Entrepreneurs that wish to set-up or scale-up manufacturing or processing or manufacturing plants.

Tenure

Up to 36 months

Thresholds

Above K30.0 million to K250.0 million

Objectives
  • To contribute to the industrialization of the Malawian economy in line with Malawi 2063
  • Contribute to socio-economic development.
  • Promote job creation.
  • Entrench entrepreneurship spirit.
Benefits
Requirements
  • National IDs applicant (s) and spouse plus Guarantor
  • Sketch map to business premises
  • Sketch map to residence.
  • Colour photos of Guarantor and Spouse (where applicable).
  • Business Registration Certificate.
  • Business plan with relevant financials.
  • Copies of Collateral title documents.
  • Relevant production licensees.
Collateral
  • Land (Registered and Unregistered Land)
  • Vehicles
  • Woodlot/Orchard
  • Plant and Equipment
  • Household Chattels
  • Furniture, Fixtures and fittings
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