AMFIU | View Institution Details
Institution Name:
Contact Person:
Email:
Telephone:
Office Physical Location:
District:
Number of Branches:
Agric Loan Product Name:
General Product Description:
Agricultural loan for financing farmers already practicing fattening business ( Stocking medium sized bulls for resale)
Target Market:
Loan Purpose:
Eligibility Criteria:
Grace Period Terms:
Loan Period:
Collateral Requirements:
Kibanja agreements, specifically the grazing land.
Insurance:
1% of disbursed amount, 0.8% remitted to insurer as risk transfer for all loans of >=4M 0.2% retained by the SACCO.
Deposits Savings:
Minimum Loan Amount:
Maximum Loan Amount:
Loan Process:
Hand Written Application by the borrower, Fill a standardized application form, Letter from LC1 confirming existence of the borrowers security and boundaries, Submission of guarantors details (signed NID photocopy) and endorsement on the application form, Signing of spousal consent forms, Appraisal visit by the credit officer or credit teams, Credit bureau referencing and recommendation for the loan, Approval/rejection/ differed by relevant committee, Pre loan disbursement training, Document preparation, signing of loan officer and agreement, Loan disbursement
