AMFIU | View Institution Details
Institution Name:
Contact Person:
Email:
Telephone:
Office Physical Location:
District:
Number of Branches:
Agric Loan Product Name:
General Product Description:
The Agricultural loan that is aimed at financing farmers in cereal banking. Sorghum, maize and millet is bought during a harvest time and sold at a higher price at the time of scarcity
Target Market:
Loan Purpose:
Eligibility Criteria:
Grace Period Terms:
Loan Period:
Collateral Requirements:
Land Agreement certified by LCI; Household item easily convertible to cash.
Insurance:
Member regular savings.
Deposits Savings:
Minimum Loan Amount:
Maximum Loan Amount:
Loan Process:
The Client has to go through the process as follows: Applicant basic information; Location of the business; Purpose of the Loan; Details of the Loan application; Member field appraisal by Loan officer; Loan applicant declaration; Spousal Consent; Two Guarantors who are members of the SACCO ;Approval by the Loan committee; Signing of the loan agreement; Signing of repayment schedule; Disbursement through the savings account.
