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 acquired for commercial farming, last value chain
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; Motor Vehicle cards
Insurance:
1%-3%
Deposits Savings:
Minimum Loan Amount:
Maximum Loan Amount:
Loan Process:
Apply; Filling a loan application form Incl guarantors and recommendation from LC1 chairman; Attach a land sales agreement/ security verifiable by LC1 Chairperson; Appraisal visit by credit officers; Review and approval Loans Committee; Signing loan documents incl the loan agreement; Training in handling of loan; Loan disbursement through member’s active savings account
