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 product aimed at financing Farm produce transporters. These transport farmers’ produce from the gardens to different market places using a Tricycle. Different types of Tricycles are bought and given out on loans depending on the client’s need.
Target Market:
Loan Purpose:
Eligibility Criteria:
Grace Period Terms:
Loan Period:
Collateral Requirements:
Register/open up an account as a member; Must be a permanent resident; Must have a copy of the National ID; Must have two guarantors and at least one of them permanent with valid copies of National IDs; Have at least 20% compulsory savings; Have a substantive security land verifiable by Local Council 1 Chairman
Insurance:
1% of loan amount
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
