Lilongwe 07:30 – 16:30 4295
GOVERNMENT OF MALAWI EMPLOYEES (GOM)

Improve economic status of civil servants. Contribute to socio-economic development. Promote job creation. Entrench...

GOVERNMENT OF MALAWI EMPLOYEES (GOM)

Individual Loan

Rate: Interest rate- 3.0% pm Processing fee- 5%Insurance - 1.5%%

Target Market

Government of Malawi salaried employees for consumer purposes. Repayment is directly from the source

Tenure

6 months to 60 months No Grace period is applicable

Thresholds

Minimum K500,000 to Maximum of applicant’s repayment capacity.

Objectives
  • Improve economic status of civil servants.
  • Contribute to socio-economic development.
  • Promote job creation.
  • Entrench entrepreneurship spirit
Benefits
Requirements
  • National ID
  • GoM Employment number
  • Pay slip for most recent month (this is not a showstopper)
Collateral
  • Unformalised Government Guarantee
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