AMFIU | View Institution Details
Institution Name:
Contact Person:
Email:
Telephone:
Office Physical Location:
District:
Number of Branches:
Agric Loan Product Name:
General Product Description:
The product is generic in nature because it was originally extended to individuals with proven agricultural farming activities, cash flows and security/collateral and has been in agriculture for more than one year. ;However, given the financing needs it extended to players across the value chains and subsectors given the financing need. However, the SACCO board and management have noted a need to review and accommodate their unique agribusiness financing needs.
Target Market:
Loan Purpose:
Eligibility Criteria:
Grace Period Terms:
Loan Period:
Collateral Requirements:
Land Title and land Sales Agreements
Insurance:
1% of the approved loan amount.
Deposits Savings:
Minimum Loan Amount:
Maximum Loan Amount:
Loan Process:
The member/client goes through the following process to access the loan: Get clients to fill in an application form.; Clients a security letter from the Local Council 1 Chairman ;Appraisal visit is conducted by the Loans Officer; Approval by the Management and /or Board committee depending on Loans Committee; If the loan is approved the client is informed and they sign the loan documentation Signing of loan agreement ; Disbursement through the Clients Savings Account.; Monitoring of the loan though-out the loan term.; Client re-applies if in need of further financing and the cycle
