AMFIU | View Institution Details
Institution Name:
Contact Person:
Email:
Telephone:
Office Physical Location:
District:
Number of Branches:
Agric Loan Product Name:
General Product Description:
An agricultural loan that is acquired for all types of farming all crops and other plantations like forests, tea, rearing of other animals apart from dairy cattle, poultry, apiary, horticulture etc
Target Market:
Loan Purpose:
Eligibility Criteria:
Grace Period Terms:
Loan Period:
Collateral Requirements:
Land titles/Land sales agreements (Kibanja) require reference from the family and LC1; Chattels (animals, farm implements, property, house hold items)
Insurance:
1%
Deposits Savings:
Minimum Loan Amount:
Maximum Loan Amount:
Loan Process:
Filling a loan application form Incl guarantors and recommendation from LC1 chairman; Attach a land sales agreement/ security verifiable by LC1 Chairperson; Appraisal visit by loan officers; Recommendations by Loan officers and head of loans; Approvals depending on amounts by General manager or Loans Committee; Signing loan documents incl the loan agreement; Loan disbursement through member’s active savings account
