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
- Facility range: N100,000 to N200,000 for first stage loan
- Methodology: Group
- Repayment in equal monthly installments over the loan term
- Duration: flexible, but most not exceed ten months
- Grace period: 30 days
Benefits
- No collateral required
- Provides capital for farming activities
- Flexible loan term
- Low interest rate
- 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
Group loan for micro business owners in agro-allied and non –agro allied businesses.
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Asset Loan
Loan for acquiring productive assets, available to individuals and groups, including walk-in-clients.
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SME Loan
SME Loan for small and medium-sized enterprises (SMEs) to access larger credit facilities.
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Business Success Loan (BSL)
This is a small business loan for business men and women, whose daily schedule does not allowed them to join a group.
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