Agribusiness Loan
This is a short to medium loan term credit intended to finance Agribusiness ventures in the purchase of farm inputs such as seeds or animal feeds, facilitate buying livestock, meet farmers' harvesting and marketing costs and also finance their other social development needs.
Agribusiness Loan
This is a short to medium loan term credit intended to finance Agribusiness ventures.
Features
- This loan facilitates agribusinesses only.
- For start-ups, the minimum amount is Ksh 100,000 and the maximum is Ksh 200,000 for a first loan.
- For continuing agribusinesses, the loan range shall be Ksh 200,000 to Ksh 500,000.
- The loan is given a 4 months grace period where the applicant pays interest only at a 1.5% straight line of the principal amount.
- From the 5 th month, the applicant pays the loan and interest at a rate of 1.5% on reducing balance for the remaining 14 months.
- The repayment period does not exceed 18 months.
Benefits
- The application process is short and simple.
- Timely loan processing.
- Has a responsive grace period.
- Has flexible borrowing options.
Requirements
- The applicant must be a member of Eagles Eye Sacco on Kilimo loans.
- A duly completed loan application form.
- Attach applicants ID copy.