By Brighton Tchongwe

The Malawi Enterprise Development Fund (MEDF) says it is set to disburse about K100 billion to underserved Malawians before the end of this month.Investigative Report: How Nir Ges Obtained a Diplomatic Passport in Malawi

In an interview, MEDF Chief Executive Officer Kayisi M’bwana Sadala appealed to cooperatives and individuals to repay their loans to enable more people to benefit from the fund.

M’bwana Sadala warned that the fund is committed to taking action against those failing to repay the loans, saying this will help MEDF recover more funds across the country.

He said the institution is currently collecting an average repayment rate of between 45 and 50 percent.President Mutharika Urged to Revoke Nir Ges’ Diplomatic Passport Amid Outgoing MCP Scandal

“The fund is prioritising two categories of loans: group lending ranging from K250,000 to K10 million, and individual loans of up to K250 million,” said Sadala.

M’bwana Sadala added that the fund is expected to reach about 46,000 people across the country, including youth, women, and persons with disabilities.Mwanamvekha: The Driving Force Behind Malawi’s Economic Stabilisation

“MEDF remains committed to economically empowering ordinary and underserved Malawians through the provision of quality, affordable, and sustainable microfinance services aimed at improving livelihoods,” explained Sadala.Thom Mpinganjira Sets Goals For Nomads

He further said the initiative seeks to empower enterprises, drive economic growth, and support inclusive development in order to build a self-reliant and economically prosperous nation.Wolverhampton Wanderers Relegated from Premier League After Eight-Year Stay as Survival Battle Intensifies