CenteAgricultural ACF Loans
Product Features
- The grace period is up to a maximum of 3 years.
- The interest rate to the final borrower is up to a maximum of 12% per year.
- The maximum loan amount to a single borrower is UShs.10 billion.
- The minimum loan amount to a single borrower is UShs. 100,000.
- The maximum grace period should not exceed 3 years.
- Loan processing fees charged to eligible borrower should not exceed 0.5%
Benefits
- Low interest rates of 12% and 15%.
- Grace period offered.
- Long loan tenure.
- Low loan processing fees charged by eligible borrower.
- Faster loan processing speed.
- Repayment plans are structured to accommodate nature of cashflow.
Requirements
- Current or savings account.
- Completed loan application form.
- Payment of loan processing fees.
- National ID.
- Project undertaken must be an activity in the agriculture value chain.
- Business plan/feasibility for amounts above UShs. 100 million.
- Experience in the project undertaken.
- Securities can be registered and un-registered land, guarantors, movable assets, household property or business equipment and tools.