AGRICULTURAL LOAN.

This product is group loan for medium scale farmers designed to enhance their production. Non-farmer, but within the Agricultural Value Chain AVC can also access this credit facility.

Agricultural Loan

This product is group loan for medium scale farmers designed to enhance their production. Non-farmer, but within the Agricultural Value Chain AVC can also access this credit facility. The loan size ranges from N100,000 to N200,000 and has a 3% monthly service charge. Repayment is made in equal monthly instalments over the term of the loan.

Features

  • Facility range: N100,000 to N200,000 for first stage loan
  • Methodology: Group
  • Duration: flexible, but most not exceed ten months
  • Grace period: 30days

Benefits

  • No collateral
  • Provides capital for farming activities
  • Flexible loan term
  • Low interest rate
  • Expert financial advice available

Documentation

  • Duly completed application form
  • 1 guarantors
  • 4 recent passports-size photograph with white background
  • A valid means of ID (national ID, driver’s license, voter’s card or international passport)
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LAPO Rural Development Initiative (LARDI) is designed to promote household livelihood activities towards improving the conditions of living of low-income households in rural communities

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