Loan Product Details

Loan Product Details

Individual Loan Product
Target Market
  • Individuals involved in farming aged from 18 to 75 years and are looking for inputs like fertiliser, seeds and chemicals.
Objectives
  • Contribute to socio-economic development.
  • Promote job creation.
  • Entrench entrepreneurship spirit
Requirements
  • National ID
  • Letter from local leader
  • Sketch map to place of residence and business
  • Bank statements
  • AEDO’s certification of appropriateness of the amount of the inputs requested.
  • Proof of farmland acreage.
  • Business Profile/records
  • Business Registration
  • Physical Collateral
  • Guarantors letter and his/her National ID
  • Spouse consent letter where applicable
  • Memorandum and Articles of Association for private limited companies
  • Passport Size Photo (Colour)
Thresholds
  • Min: MK5,000,000
  • Max: MK250,000,000
Collateral Requirements
  • Collateral Insurance - TBA
  • Land (Registered and Unregistered Land)
  • Vehicles
  • Woodlot/Orchard
  • Plant and Equipment
  • Household Chattels•
Group Loan Product
Target Market
  • Individuals involved in farming aged from 18 to 75 years and are looking for inputs like fertiliser, seeds and chemicals.
Objectives
  • Contribute to socio-economic development.
  • Promote job creation.
  • Entrench entrepreneurship spirit
Requirements
  • Leadership committee
  • Group guarantor-ship
  • AEDO’s certification of appropriateness of the amount of the inputs requested.
  • Proof of farmland acreage.
  • Maximum radius of 5 km
  • Group photo
  • Letter from local leader
  • Sketch map (To leader’s residences, to meeting place- must be a home of one of leader
  • Proof of farmland acreage.
Thresholds
  • K5,000,000 to K30,000,000
  • 1st Time borrower from K5,000,000
  • 2nd Time borrower from K10,000,000
  • 3rd Time borrower K20,000,000
Collateral Requirements
  • Group Cohesion
  • Individual members personal assets that are submitted collateral to group. Land (Registered and Unregistered Land)
  • Vehicles
  • Woodlot/Orchard
  • Plant and Equipment
  • Household Chattels
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