NBM’s Amayi Angathe Loans benefits 2880 women

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By Alexander Juma, a Contributor

Women show off presents from NBM plc during the Tea party

National Bank of Malawi (NBM) Plc’s ‘Amayi Angathe’ loan, a facility specifically designed to support women entrepreneurs, has benefited more than 2880 business women since its inception in 2019.

The bank’s business development manager, Wyson Kayira disclosed this in his presentation at the celebration of International Women’s Day in Blantyre last week.

Women interacting at the IWD Amayi Angathe event

NBM plc hosted a Tea Party to numerous women who have benefited from the ‘Amayi Angathe’ product that specifically targets women entrepreneurs in need of financial support to grow their businesses.

“The loan helps in the economic development of the country by bringing in sectors that have never been part of the financial service industry before. The loan product offers competitive interest rates, flexible repayment terms, and customized loan amounts based on the individual business needs of the borrower.”

Women applaud during the NBM Tea Party

“The product also provides mentorship and training to help women entrepreneurs succeed in their businesses. National Bank of Malawi’s ‘Amayi Angathe’ product seeks to address these challenges and empower women entrepreneurs to succeed,” said Kayira.

Fawzia Gilbert, who is one of the beneficiaries of the loan, encouraged fellow women not to be afraid of getting a loan from the bank.

A Blantyre based business woman Michelle Mazibuko speaks at the Tea Party

“The loan from NBM plc of ‘Amayi Angathe’ does not require collateral and it does not take long to get it and women can do anything men can. Let me just urge all the women to be getting loans with the purpose of growing their businesses and not for enjoyment. You cannot get a loan to buy an air ticket to go outside the country to enjoy. As for me, I got the loan to grow my school business where I bought desks and built other blocks,” she said.

NBM Accounts Relationship Manager Mwayi Kalulu engages women during the Tea Party

During the event, women were also engaged in business and financial management sessions.

In Malawi, this year’s Women Day was celebrated on March 8 under the theme “DigitALL: Innovation and technology for gender equality”.

NBM plc Mobile and e Money Services Manager Enala Chirwa engages the women at the Tea Party
NBM plc Marketing and Corporate Affairs Manager Akossa Hiwa gives a word of appreciation to the women at the Tea party
One of the loan beneficiaries, Fawzia Gilbert testifying about how she benefitted from Amayi Angathe product
Entrepreneurs at the event

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