Agricultural Loans
This is a credit facility designed for agricultural production and agro processing. Eligible projects include agricultural machinery, post-harvest handling equipment, storage, agro processing facilities and any other related agricultural and agro-processing, machinery and equipment.
Account Overview
This is a credit facility designed for agricultural production and agro processing. Eligible projects include agricultural machinery, post-harvest handling equipment, storage, agro processing facilities and any other related agricultural and agro-processing, machinery and equipment.
Account Opening Requirements
Borrower must have a minimum of 2 seasons (1 year) of experience in the agricultural activity to be financed with ascertainable cash flows.
Evidence of a Farming Contract between the buyer and farmer, where applicable.
Proof of an additional source of income, where applicable.
CRB card.
The Group/Association should be legally registered.
It should have a written constitution and rules governing its operations
It should have clear structures clarifying roles within the association.
Account Benefits
Discover the advantages of banking with Agricultural Loans:
Max amount: 2.1 billion.
Machinery and equipment financed shall be the primary security.
50% of the amount lent under the scheme is to be guaranteed by the government.
Tenure:
Minimum 2 years.
Maximum 8 years.
Flexible repayment periods.
3 years' Grace period.
Low fixed lending rate of 10% per annum compared to market rates.
