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)

You may also be interested in:

Regular Loan

This product is group loan for micro business men and women who are into agro allied business…

Read More

Asset Loan

This loan is designed to enable clients, from the second stage of group loan, acquire productive assets…

Read More

Business Success Loan

BSL: BSL Loan gives clients the opportunity to access a higher credit facilities at Enterprise levels….

Read More

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

Need Financial Empowerment? Contact Us: 0905-949-2981