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 is loan product focus on members who are engaged in production, processing, and Marketing of legally acceptable agricultural products.
Target Market:
Loan Purpose:
Eligibility Criteria:
Grace Period Terms:
Loan Period:
Collateral Requirements:
Plot Agreement/Kibanja Agreement/Land Titles.
Insurance:
1.5% (Life insurance)
Deposits Savings:
Minimum Loan Amount:
Maximum Loan Amount:
Loan Process:
A member initiates by having desk appraisal with loans officer; Pays Ugx10,000/= for Loan Application; Member takes loan to read, understand, and sign, guarantors, spouse, and LCI must also read and sign; Returns the form with a copy of National Identity Card; Loans officer carries field appraisal and completes the form.; Presents the loan form in branch loans committee for approval or rejection.; If a loan is above 5,000,000/= it’s discussed in head office loans committee; If it is above 20,000,000/= its discussed with BOD loans Committee; Disbursement, after a loan has been approved and arrangement is made ; the loan is disbursed onto member savings account in his/her physical presence.