Business Loans

To finance purchase of farm inputs such as certified seeds, fertilizers, chemicals, machinery hiring, labour and harvesting costs.

• Land leasing is not covered.
• Loan applications should be done within a reasonable time before the setting in of planting season i.e. 2 months.

• Payable within 12 months.
• The amount loaned will depend on the share deposit, input needed and size of the farm i.e this is for subsistence farming only.
• A monthly interest rate is two percent (2%) on reducing balance.

• Takes care of members who want to buy a motor cycle on loan.
• Application should be done early enough (one month before) for planning purposes. A proforma invoice from the supplier should be provided and the payment shall be made direct to the seller/supplier)
• Interest to be charged at (two) 2% per month on reducing balance.
• Repayment period is within 12 months of disbursement.
• Disbursement will be 80% of the cost within a month upon receipt of application subject to availability of funds. The remaining 20% will be taken care by the member.

• Takes care of small scale traders e.g kiosks, natural talents (e.g art) and vocational skills based business.
• The loan shall be disbursed within one month upon receipt of application subject to availability of funds.
• Interest is two percent (2%) per month on reducing balance.
• Repayment period is within 6 months.