1 - Group loans: Two types offered
i. Tayamba (MWK20,000 - MWK300,000)
ii. Taoloka (MWK50,000 - MWK800,000)
2 - Individual loan
- Tafika Loan - This is offered to individuals from MWK3,00,000 to MWK 100,000,000
3 - Dzinja Rain-fed Agriculture Loans (MWK40,000 - MWK500,000)
4 - Mthilira Irrigation Loans (MWK40,000 - MWK500,000)
5 - FAST loans - Ngongole Za Ma Banki Mkhonde (MWK300,000 - MWK2,200,000)
- Abwenzi Insurance - This is offered on sickness, permanent disability and death
- VFM (FAST) GCL is a comprehensive insurance cover designed to protect both the lending group and its members by paying a fixed amount in the event of the death of a group member. The insurance claim payable to the group is a fixed amount linked to the level of credit facility accessed from VFM.
Key features include: group members contribute towards payment of premiums; the insurance cover is tied to the loan term and expires once the loan is fully repaid; borrowers may not be required to undergo medical examinations or provide extensive health information; and the cover is generally compulsory.
- Tisunge Savings Account (MWK1,000 opening book balance)
- Fixed Deposit Account (from as low as MWK20,000)
