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Malawi: First Capital Bank Introduces Farming Season Loans for Civil Servants of Up to K3m


One of Malawi’s leading financial institutions, First Capital Bank has launched a special farming season loan product ‘Tiyeni ku Munda’ — targeting Malawi government civil servants.

Criteria is that they must possess valid national IDs; stamped bank statements and does not need any other collateral.

Under the theme: ‘Feed the Harvest with a First Capital Bank Loan’, is a response towards the approaching farming season, whose rains is picking up.

“First Capital Bank would like to remind its customers that with a loan of up to K3 million, processed within 48hours, they can secure a harvest that can feed their families and generate additional income,” said a statement from Twikale Chirwa, the Bank’s head of marketing.

“With a loan from First Capital Bank, beneficiaries can qualify for affordable means in order to meet this farming season’s needs.

“First Capital Bank Malawi continues to support its clientele by providing credit to civil service employees of the Government of Malawi, that are deducted through the centralised Malawi Payments Solutions.

The targeted market are civil servants who are First Capital Bank customers as well as non-First Capital Bank account holders at competitive interest rates; no upfront charges.

“Top up facility is available and First Capital Bank can consolidate existing loans with other institutions, credit life and funeral cover.