Agricultural loan is a tailored to enable farmers to generate agricultural incomes in a sustainable manner through value addition, production capacity enhancement and quality outputs. This loan can be accessed by individuals or as a group of up to 5 farmers.
2. MAXIMUM PERIOD: 60 months- 5 years | Grace period of 1-6 months paying only interest can be granted.
3. INTEREST RATE: 5% reducing balance
4. TYPE OF COLLATERAL NEEDED:
i. Land sales agreement and Log books shs 500,000 – 5millions
ii. Land title – shs 5.1M -100Million
5. CLIENTELE CATEGORY: farmers
6. GUARANTORS NEEDED: 3 guarantors including spouse
7. SECURITY EVALUATION:
i. Search on both land title and car log book to be done,
ii. Boundaries must be opened and valuation reports (loans of 9million and above).
iii. Values of securities must double loan amount approved to the client.
PURPOSE
- Clients who need finances to do agricultural projects like poultry farming, tree planting, agricultural products processing, fruit farming, harvesting etc.TERMS AND CONDITIONS
1. MAXIMUM AMOUNT: SHS 100,000,000(One hundred million shillings)2. MAXIMUM PERIOD: 60 months- 5 years | Grace period of 1-6 months paying only interest can be granted.
3. INTEREST RATE: 5% reducing balance
4. TYPE OF COLLATERAL NEEDED:
i. Land sales agreement and Log books shs 500,000 – 5millions
ii. Land title – shs 5.1M -100Million
5. CLIENTELE CATEGORY: farmers
6. GUARANTORS NEEDED: 3 guarantors including spouse
7. SECURITY EVALUATION:
i. Search on both land title and car log book to be done,
ii. Boundaries must be opened and valuation reports (loans of 9million and above).
iii. Values of securities must double loan amount approved to the client.