Vendor Atchukume Loan
Unlock the potential of your business with our specialized group loans designed to provide market vendors with the financial support they need to thrive and expand.
Tailor-Made Group Loan for Market Vendors
Introducing our innovative group loan product :Vendor Atchukume, meticulously designed for market vendors who are in search of accessible and dependable financing solutions. This loan is tailored to empower small businesses that need regular recapitalization, providing up to K300,000.00 for each group member. With our adaptable repayment plans that stretch up to 3 months and weekly installments, we ensure that vendors can navigate their financial landscape with ease. Our competitive interest rate of just 13% makes this an attractive and affordable option for those looking to fuel their business growth.
Key Steps to Get Your Loan Approved
National ID
Applicants must provide a valid national identification card to verify their identity and eligibility.
Market Presence
A bench, shop, or stall in the market is required to demonstrate business stability and location.
Fees and Charges
Interest Fee
1.5% weekly reducing balance interest rate applies to the loan, ensuring manageable repayment terms.
Risk Fee
A flat rate of 7% is charged to cover potential risks associated with the loan.
Business Operation Duration
Vendors must have been in operation for at least six months to qualify for the loan.
Group Membership
Applicants must form a group of at least three people to apply for the group loan, ensuring mutual support and accountability.
Administration Fee
A 12% flat rate administration fee is applied to cover processing and management costs.
CRB Fee
A 2% flat rate fee is charged for credit reference bureau checks to assess creditworthiness.
Empower Your Business Today
Sign up for the friendliest secured small business loans in Malawi, payable over flexible repayment periods while giving you access to financing to drive your business current and long-term goals. Unlock the potential of your business with this tailored loan solutions.
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Empower Your Business Today
Unlock the potential of your business with our tailored loan solutions. Contact us now to learn how Chuma Changa Credit Limited can support your growth. Our dedicated team is ready to assist you with any inquiries and guide you through the application process.