Neef Urges Pastors to Set a Good Example by Paying Back Loans

Religious Borrowers Show Lower Loan Repayment Rates, NEEF Reports

The government-run fund has been disbursing loans to various groups, including faith communities, as part of efforts to boost entrepreneurship and economic self-reliance across Malawi. BLANTYRE, Malawi— The National Economic Empowerment Fund (NEEF) held discussions with faith leaders Friday to address concerns about loan repayments, with officials revealing that religious borrowers have lower repayment rates than the national average, writes May…

Neef Urges Pastors to Set a Good Example by Paying Back Loans

The National Economic Empowerment Fund (Neef) has asked pastors to be good examples by paying back the loans they get from the fund. Neef’s Chief Excutive Officer, Humphrey Mdyetseni, spoke during a meeting with church leaders in Blantyre. He said pastors should start small businesses to improve their lives and should make sure to repay the money they borrow. “Pastors have a big influence in their communities. If they pay back their loans, other…