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 N150, 000 and has a 25% service charge. Repayment is made in equal monthly instalments over a 10-month loan term
- Facility range: N100,000 (minimum) to N150,000 (maximum)
- Methodology: Individual, group and corporate
- Duration: 1-10 months
- Grace period: 30-60 days
- Prospective clients must be practicing farmers with verifiable evidence of existing farm investments.