Group Scheme Loans

The loan facility targets non-salaried individuals but with a defined source of income and operating in groups. The groups can be in form of Cooperatives, Associations, Village Savings & Loans groups, or Clubs. The group acts as social collateral and guarantees the loan for its member (s) through deposit of collateral savings with Community Finance Ltd.

  • Maximum Loan Term - 6 Months
  • Maximum Loan Value - According to the Applicant's capacity to repay from defined income source.
  • Loan is deducted from source of income by the Association and remitted on behalf of members to COFI.
  • Effective interest rate on reducing balance.
  • Accessibility: Product is offered within your community without travelling long distance.
  • Faster: Loans are processed within 3 days upon fulfilment of all paperwork.
  • Affordable : Interest rates are competitive
  • Evidence of Membership or Group Guarantee Letter
  • Share certificates in case of cooperatives

Other Loan Products

This is an employer arranged and guaranteed facility that provides personal loans for employed professionals, Self-employed individuals and Pensioners. More details
This facility is designed for rural and semi-urban based SMEs who require short to medium term working capital finance for business start-up or expansion. More details

Our Contact Details

Community Finance Ltd
Amina House, Area 4
Lilongwe
Off Paul Kagame Road
Malawi.

E-mail: cofi@cofimw.com Tel: (+265) 111550025 / 0111580025