Agricultural Loan
Group loan for medium-scale farmers and non-farmers within the Agricultural Value Chain (AVC) to enhance production.
This group loan product is tailored for medium-scale farmers to boost agricultural production. Additionally, non-farmers involved in the Agricultural Value Chain (AVC) are eligible to access this credit facility. Loan amounts range from ₦100,000 to ₦200,000, with a 3% monthly service charge. Repayment is structured in equal monthly installments over the loan tenure.
Features
- Loan size: ₦50,000 to ₦200,000
- 3% monthly service charge
- Repayment in equal monthly installments over the loan term
- Flexible loan term
- 30 days grace period
Benefits
- -No collateral required
- Provides capital for farming activities
- Flexible loan term
- Low service charge
- Expert financial advice available
Documentation
- Duly completed application form
- 1 guarantor
- 4 recent passports-size photograph with white background
- A valid means of ID (national ID, driver’s license, voter’s card or international passport)
Explore other loan options
Regular Loan
Product Description: Group loan for micro business owners in agro-allied and non –agro allied businesses.
read more
Asset Loan
Loan for acquiring productive assets, available to individuals and groups, including walk - in- clients
read more
SME Loan
TLoan for small and medium-sized enterprises (SMEs) to access larger credit facilities.
read more
Business Success Loan (BSL)
This is small business loan for business men and women, whole daily schedule does not allowed them to join group
read more
