Cinque Terre

Masamba SME Financing

‘Masamba’ means ‘leaves’ and reflects the short term coverage that leaves of a tree provide during times of need. These are short term credit solutions for small to medium enterprises that have been in operation for at least 3 years.

The loans provide short term cash coverage for businesses in need of financing, order financing or short term financing.

1 Month Term

From250,000 MWK
  • Processing Fee = 20.0%
  • Interest Rate = 0
  • Insurance = 0
  • Admin Fee = 0
  • Max Loan Amount K2,000,000.00
Calculate Repayment

2 Month Term

From500,000 MWK
  • Processing Fee = 15.0%
  • Interest Rate 6.0%
  • Insurance 0.8%
  • Admin Fee 3.0%
  • Max Loan Amount K2,000,000.00
Calculate Repayment

3 Month Term

From500,000 MWK
  • Processing Fee = 15.0%
  • Interest Rate 6.0%
  • Insurance 0.8%
  • Admin Fee 3.0%
  • Max Loan Amount K2,000,000.00
Calculate Repayment

The minimum amount one can borrow is MK250,000 whereas the maximum amount is MK2,000,000.

The processes usually takes a maximum of 5 working days but in some cases it can be less.

The funds are sent to your bank account upon approval.

There are 3 ways:

i.Through postdated cheques

ii.Through a bank standing order

iii.Assignment of proceeds

You will be required to repay in in either 1,2 or 3 monthly installments.

The interest rate is 6%

Features

  • Assessment within 15 working hours
  • Up to 3 months repayment. With rates as on the pricing table above

Benefits

  • Short term financing
  • Business continuity

Requirements

  • Must be small to medium enterprise
  • In operation for at least 3 years
  • 6 months’ bank statements;
  • Physical operating premises;
  • National ID of applicant and guarantor
  • Sketch map to owner and guarantor residence;
  • Registration certificate;
  • MRA registration certificate;
  • Cash flow projection;
  • Collateral (House/Car/Land); and
  • Business Plan.

Address

Old Air Malawi Buildings P.O. Box 805 Blantyre

Contact Us

+265 999 222 725, +265 1 828 108 / 109 loans@sycamorecredit.com

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