Short and Medium Term Loans
Term loans are available to help large estates acquire items of capital nature such as tractors, irrigation equipment, construction of tobacco curing barns, etc. The loans are available both in Malawi Kwacha and US Dollar.
How will my business benefit?
Term loans are useful if you want to spread the cost of your investment over a period of time so as to avoid unnecessary strain on your Cashflow.
Term loans are for specified fixed period with repayment schedule (normally in annual instalments) over an agreed period normally not exceeding 4 years.
How much will it cost?
Interest is calculated at an agreed rate over the full amount of the loan or the outstanding amount whichever is the case.
Interest will be debited to your operating current account which is usually the seasonal overdraft account.
All large estates engaged in production of tobacco and other commercial crops such as tea, coffee, seed, and maize.