Overview
Loan designed to finance business activities in the agricultural production, processing and marketing value chains, animal production (diary, poultry and piggery projects), fishing and fish farming, bee keeping as well as food processing i.e. grain mills, oil mills and hullers. The loan period and repayment plan is dependent on the nature and season of the agricultural activity to be financed.
Product Features
Loan period for working capital purpose is up to a maximum 24 months but development/ investment may exceed 24 months.
Read More
No principal loan repayments during the grace period except for the interest where cash flows allows.
Read More
Repayable through equal installment payments whose amounts are dependent on the projected cash flow of the agricultural activity
Read More
Irregular payments can be structured basing on the cash flows
Read More
Interest charged on reducing balance
Read More
Minimum loan amount UShs. 100,000
Read More
Payments from other sources of income are allowed
Read More
Maximum loan amount of up to UShs 8 Billion.
Read More
Benefits
Faster Loan processing speed
Attractive interest rate
Repayment plans structured to accommodate nature of cash flow
Grace periods are offered
Multiple disbursements offered to accommodate different stages of production cycle
Requirements
Current or Savings Bank account
Completed loan application form
Payment of loan processing fee
Financial card
Project undertaken must be an activity in the agricultural value chain
Experience in project being undertaken
Business project must be profitable
Applicant must be resident within the branch designated area of operation
Applicant must be owner or tenant of the land on which he/she operates.
Securities can be mortgaged on titled or unregistered land, moveable assets like cows, goats, sheep, mortgaged household property or business equipment and tools