SMEs Portfolio

Business Loans

Target: Established SMEs (Traders, Agro-dealers, Manufacturers, Service Providers)
Facility Purpose:Working capital and Asset financing for acquisition of Assets, materials and meet general business operational costs.
Product Features

• Loan Amount: MWK 1,000,000 – MWK 50,000,000
• Maturity: 3 – 12 months
• Interest rate: 3.2% per month (38% per pa)
• Collateral: Asset registered in the name of CoFi and only transferred when loan is fully repaid.
• Documentation: Application form, Business plan, Market contracts, Suppliers agreement

Trade Finance Loan

Target: Established SMEs (Cooperatives, Traders, Agro-dealers, Manufacturers, Service Providers)
Facility Purpose:Working capital cash loans for purchase of raw materials, stocks
Product Features

• Loan Amount: MWK 1,000,000 – MWK 30,000,000
• Maturity: 3 – 6 months
• Interest rate: 3.2% per month (38% per pa)
• Documentation: Application form, Business plan, Market contracts

Community Lenders Loans

Target: Village Banks, Self-Help Groups
Facility Purpose: Working capital cash loans to support household income generating activities.
Product Features

• Loan Amount: MWK 500,000 – MWK 15,000,000
• Maturity: 3 – 6 months
• Interest rate: 3.2% per month (38% per pa)
• Documentation: Application form, Chief letter, Credit assessment form Acknowledgement form, signed collateral pledge form

Micro-Enterprise Loans

Target: informal rural businesses ( glossary, agrodealer, handcraft, Barbershop e.t.c)
Facility Purpose: Working capital cash loans to support household income generating activities.
Product Features

• Loan Amount: MWK 50,000 – MWK 1,000,000
• Maturity: 3 – 12 months
• Interest rate: 3.2% per month (38% per pa)
• Documentation: Application form, Chief letter, Credit assessment form Acknowledgement form, signed collateral pledge form