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 aimed at financing Goat farmers rearing Improved breeds of goats for a least1.5 years. Two months Improved breeds of goats are bought and given to farmers to be reared and thereafter sold at a profit at the age 1.5years. Also a Boer (male) goat is bought and kept at the group leader’s place and every member who brings their local goats to met with it pays some money. This product is also aimed at improving the local breed into better breeds for farmers.
Target Market:
Loan Purpose:
Eligibility Criteria:
Grace Period Terms:
Loan Period:
Collateral Requirements:
Land Sales Agreement certified by the LC1 Chairman
Insurance:
1% of loan amount (kept by the institution. No involvement with an insurance company)
Deposits Savings:
Minimum Loan Amount:
Maximum Loan Amount:
Loan Process:
• Fill in an application form • Get a recommendation letter from the Local Council 1 Chairman • Appraisal visit by the Loans Officer • Approval by the Management or Loans Committee • Signing of loan agreement • Disbursement through the savings account