Malawi’s top bank to offer TV loans

Malawi's top bank National Bank of Malawi (NBM) in partnership with GTV Group has agreed to offer loans to customers who would love to acquire the TV firm equipment.

GTV started its operations in Malawi last year and has won the hearts of many Malawians after it was granted 80 percent of beaming rights of the English Premier League games.

The company is now competing with Multichoice Malawi which is only offering 20 percent of the English Premier League games with the season set to kick off on August 16.

People in the southern African country are in love with the English Premier League however many do not have the equipment to watch the games in their homes and can only watch the game in the games in pubs. This is because the equipment is expensive.

At a meeting on Friday in the country's commercial city of Blantyre, the top bank agreed to offer consumer loans to its customers to buy GTV equipment and services.

"We will be giving out consumer loans to our customers and even those on employer guarantee" NBM's Public Relations Manager Annie Magola told the country's local Daily Times newspaper.

GTV Sales and Marketing Manager Alan Grimes said the equipment and installation loan would be repaid in six months.

For one to acquire such services in Malawi you need to cough about 150 US$ however GTV has slowed down its rates ahead of the English Premier League games kickoff.