Agricultural Loan
The Agriculture Loans enable customers engaged in Agricultural production, processing, marketing, and investment to access affordable loans for their Agricultural activities.
Benefits.
The purpose of this loan is to finance the bulk purchase of farm inputs such as certified seeds, fertilizers, and chemicals, pay for the purchase of additional agricultural land, buying of hybrid livestock, farmhouses and support any other agribusiness or social development needs.Repaid in not less than 8 months
Requirements.
- Be an active member
- Demonstrate ability to repay.
- Be a commercial farmer with experience of 1 (one) year or one successful production cycle.
- Able to clearly demonstrate the existence of other sources of income that could be utilized in loan repayment in case of crop failure, loss of harvest, and/or poor marketing due to adverse weather and/or any other factors.
- The farming project to be financed must be within our area of operation and easily accessible to the Sacco officials.
- Able and willing to provide collateral to cover the loan
- 2% Insurance on all Loans against death and disability.
- 25% initial deposit (refundable after loan repayment)
- 5% Loan Processing fee