Business Loans & CEEC Funds in Zambia: questions
What is CEEC?
The Citizens Economic Empowerment Commission gives targeted citizens, SMEs and cooperatives funding through products like Azimai (women), Busulu (youth), graduate, marketeer and agro loans. Applications go through empowerment.ceec.org.zm or provincial offices.
What disqualifies a CEEC application?
Adverse CRB reports in your name, your enterprise or any director, and incomplete applications. Fix your credit record first.
What do banks want for an SME loan?
Usually 6+ months of trading, business records, collateral or equipment (AB Bank, EFC), and residence in Zambia. EFC even lets borrowing clients buy into ownership through its share programme.
Market trader with no records?
Start with a market-trader product (the EFC Women Traders loan of K5,000–K15,000 needs basic records and household assets) and build the paper trail from there.
Business & agriculture loans
CDF Empowerment LoanK5,000–K200,000branchDuration: 12–48 months · Lusaka · Copperbelt · Southern +7 moreMYSA Multi-Sectoral Youth LoanbranchwebLusaka · Copperbelt · Southern +7 moreImisepela Busulu Youth LoanK5,000–K50,000OnlineappRate: 8% per year · Duration: 1 year · Lusaka · Copperbelt · Southern +7 moreAB Bank Zambia SME LoanK200,000–K5,000,000branchwebDuration: 60 months · Lusaka · Copperbelt · Central +2 moreAB Bank Zambia MSME LoanK1,000–K5,000,000branchwebDuration: 60 months · Lusaka · Copperbelt · Central +2 moreEFC Zambia Women Market Traders LoanK5,000–K15,000webDuration: 18 months · Lusaka · Copperbelt · Central +7 moreFINCA Zambia Micro LoanK1,000–K50,000⏱24 hoursbranchwebRate: 24% (period not specified) · Duration: 6 months · Lusaka · Copperbelt · Southern +4 moreKwachaFlex Instant LoanK500–K100,000⏱24 hoursOnlineussdRate: 18% (period not specified) · Duration: 91 days · Lusaka · Copperbelt · Southern +1 moreZanaco SME Business LoanK10,000–K2,000,000⏱3–5 dayswebRate: 25% (period not specified) · Duration: Up to 60 months · Lusaka · Copperbelt · Southern +1 moreZanaco Agricultural LoanK5,000–K500,000webRate: 10% (period not specified) · Duration: Up to 12 months · Central · Southern · Eastern +3 moreMadison Finance Business LoanK10,000–K1,000,000⏱2–5 dayswebRate: 25% (period not specified) · Duration: 6–36 months · Lusaka · CopperbeltFINCA Zambia Individual LoanK1,000–K500,000⏱3–7 dayswebRate: 20% (period not specified) · Duration: 6–36 months · Lusaka · Copperbelt · Southern +4 more
Self-employed & informal traders
FairMoney Instant LoanK500–K20,000⏱5 minutesOnlineappwebRate: 25% (period not specified) · Duration: 30 days · Lusaka · Copperbelt · Southern +5 moreWamaka Instant LoanK250–K55,000⏱5 minutesOnlineappwebRate: 30% per year · Duration: 100–365 days · Lusaka · Copperbelt · Southern +7 moreRapidMoney Instant LoanK100–K20,000⏱5 minutesOnlineappwebRate: 30% (period not specified) · Duration: 91 days · Lusaka · Copperbelt · Southern +7 moreZamcash (Biu Capital) Instant LoanK500–K5,000⏱5 minutesOnlinewebRate: 20% (period not specified) · Duration: 30 days · Lusaka · Copperbelt · Southern +7 more
