UNITED WE STAND

A credit facility accessible to a group of people actively owning individual businesses and united in groups ranging from 10 people to a maximum of 35 people.

Why you should apply for this loan

  • Facilitates business performance and growth.

  • Flexible repayment period tailored according to the borrowers’ capacity and or desire.

  • No need for a business license.

  • No collateral or security requirements to obtain the loan.

  • Competitive Interest rate.

  • Can be accessed for a number of cycles as long as the client repays well.

  • Loan amounts to individuals in the group ranging from MWK20,000 – MWK1,000,000.

Qualifications for this loan

  • Individual borrowers with active businesses.

  • Applicant must be above 18 years but below 70 years.

  • Group solidarity.

  • At least 3 months of business existence and 6 months living in the community.

Comes with outstanding benefits

  • Groups consisting of 10 – 35 members.

  • Relatively large amounts of loans up to MWK1,000,000.

  • No security requirements or loan processing fee to access the loan.

  • Faster loan processing time.

  • Monthly loan repayment.

  • Flexible repayment terms and periods of 6 – 10 Months.

  • Insurance cover on loan incase of death of client.

  • Insurance cover for spouse, family, etc.