Lilongwe 07:30 – 16:30 4295
INTERNATIONAL JOBS LOAN

Job creation Socio-economic development

INTERNATIONAL JOBS LOAN

Individual Loan

Rate: Interest - 4.8% pmProcessing fee - 4.5% Life Insurance - 1.5% Collateral Insurance - TBA%

Target Market

Individuals aged from 18 years up to 55 years willing to take up jobs outside the country.

Tenure

3 to 12 Months

Thresholds

Mininum MK1,000,000

Objectives
  • Job creation
  • Socio-economic development
Benefits
  • Access finance to meet in-country costs for taking up jobs outside the country.
  • Ease of cashflow for guardians.
Requirements
  • National IDs
  • Passport
  • Offer of Employment
  • Police clearance
  • Ministry of Labour clearance
  • Two Guarantors’ IDs
  • Standing order against account.
Collateral
  • Loan Service Bond
  • Guarantee from Recruiting Agent
  • Guarantee from personal Guarantor
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