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 designed for crop production, field production, bulk agro marketing and animal husbandry.
Target Market:
Loan Purpose:
Eligibility Criteria:
Grace Period Terms:
Loan Period:
Collateral Requirements:
Land titles/Land sales agreements (Kibanja) require reference from the family and LC1; Chattels (animals, farm implements, property, house hold items)
Insurance:
1%
Deposits Savings:
Minimum Loan Amount:
Maximum Loan Amount:
Loan Process:
Present a financial proposal, workplan, input and output technical assistance; Filling a loan application form Incl guarantor and recommendation from LC1 chairman; Attach a land sales agreement/ security verifiable by LC1 Chairperson; Assessment is done; Recommendations and or approvals by Loans Committee in 3 tiers depending on amounts (Branch, Head office and Board; Signing loan documents incl the loan agreement; Loan disbursement through member’s active savings account or give physical items like seeds
