AMFIU | View Institution Details
Institution Name:
Contact Person:
Email:
Telephone:
Office Physical Location:
District:
Number of Branches:
Agric Loan Product Name:
General Product Description:
This loan is aimed at helping farmers who invest in medium term agricultural projects which take more than 03 months to generate returns like bull/cattle fattening, crop growing
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); 150% of loan amount
Insurance:
0.85%
Deposits Savings:
Minimum Loan Amount:
Maximum Loan Amount:
Loan Process:
Filling a loan application form Incl guarantor and recommendation from LC1 chairman; Attach a land sales agreement/ security verifiable by LC1 Chairperson; Desk appraisal; Appraisal visit by credit officers; Recommendations and or approvals depending on amounts by Branch manager, Top Management or Loans Committee; Signing loan documents incl the loan agreement; Loan disbursement through member’s active savings account
