How To Get Funded By Citizens Economic Empowerment Commission (CEEC) In Zambia

The Citizens Economic Empowerment Commission (CEEC) is a statutory body under the Ministry of Small and Medium Enterprises Development (MSMED) that was established to foster broad-based economic empowerment in Zambia. The CEEC offers a variety of funding options for Zambian citizens and businesses, including:

• Busulu Loans: These loans are available to Zambian citizens who own land and need funding to develop their property. The loans have an interest rate of 8% per annum and a maximum tenure of 12 months.
• Short-Term Finance: This funding is available to MSMEs and cooperatives that need working capital to support their businesses. The loans have an interest rate of 12% per annum and a maximum tenure of 24 months.
• Trade Finance: This funding is available to MSMEs and cooperatives that need to import goods for their businesses. The loans have an interest rate of 12% per annum and a maximum tenure of 18 months.
• Youth Empowerment Loans: These loans are available to Zambian youth who are starting or growing their own businesses. The loans have an interest rate of 8% per annum and a maximum tenure of 24 months.

To access CEEC funding, you must meet the following eligibility criteria:

• You must be a Zambian citizen or permanent resident.
• You must be a registered business or cooperative.
• You must have a business plan that outlines your financial projections and repayment schedule.
• You must have a sound credit history.

To apply for CEEC funding, you can visit the CEEC website or one of their provincial offices. You will need to complete an application form and provide supporting documentation, such as your business plan, financial statements, and tax returns.

The CEEC will review your application and decide whether to approve your loan. If your loan is approved, you will be required to sign a loan agreement and provide collateral. The CEEC will then disburse the funds to your business.

Here are the steps on how to access CEEC funding in Zambia:

1. Visit the CEEC website or one of their provincial offices.
2. Download the application form and supporting documentation.
3. Complete the application form and provide all required documentation.
4. Submit your application to the CEEC.
5. Wait for the CEEC to review your application.
6. If your application is approved, sign the loan agreement and provide collateral.
7. The CEEC will disburse the funds to your business.

For more information on CEEC funding, you can visit the CEEC website.