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Qualifications and Requirements
Target Group Small and Medium Enterprises
Requirements
- 6 months business experience
- Flexible collateral
Facility amount
- K200,000 - K15,000,000,
- 100% flexible collateral cover
Purpose
- Working capital and or purchase of fixed asset
Interest rate
36% for first time borrower and 33% for second time borrower
Term
6 to 24 months
Characteristics
Flexible collateral
Features
Can get parallel loan after good repayment history
Availability
Blantyre, Lilongwe and Mzuzu
Benefits
Flexible collateral for loans below K750,000.00 (eg. Stock and home equipment) |
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