Products
Agribusiness
Product description
These are loans designed to benefit agri-business traders. It is meant to provide start-up capital for those seeking to start, or are engaged in agricultural microenterprises. There exist huge opportunities for the youth in agricultural micro and small medium enterprises across the value chain. Thus, beneficiaries of this loan facility will engage in wealth creation and for those unemployed, resolve their unemployment challenges.
Features
- Designed for individual & groups
- Repayment period up to 3years
- Interest rate is 10% per annum
Items Financed
- Marketers and Processors farm produce
- Traders, Transporters, Marketers and Processors farm produce.
Requirements/Eligibility
- Viability of the business
- Viability of the business
- Tangible security for the loan
- 20 % equity contribution towards the project.
