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 that is aimed at financing acquisition of dairy cattle for milk production and also improving on the existing farm. These animals are bought and improved for high and quality milk production
Target Market:
Loan Purpose:
Eligibility Criteria:
Grace Period Terms:
Loan Period:
Collateral Requirements:
Register as a member; Have a minimum of 5 shares.; Shares should be adequate enough to cover the requested amount (Share Ratio of 1:7); Have land verifiable by at least 3 members of LC1 and chairman; Household items, motor vehicle, or titled land
Insurance:
1% of loan amount
Deposits Savings:
Minimum Loan Amount:
Maximum Loan Amount:
Loan Process:
Fill in an application form; Get a security 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
