This is a medium term loan to medium and large scale farmers to assist
in purchase of farm machinery, equipment and any other farming and
social-development needs. The loan also takes care of financing
expansion.
Benefits/Features
Minimum loan amount of Tshs. 2, 000,000 and maximum depends on ability to repay, Flexible security requirements e.g. chattels, log books, shares or cash
cover, debentures, title deeds, residential license, etc Maximum repayment period of 36 months, Repayments negotiated to match the seasonality of proceeds.
Eligibility:
Should be an account holder with Equity Bank for at least 3 months, Registered business,
Should be an account holder with Equity Bank for at least 3 months, Registered business,
Permanent business locations, Acceptable securities,
Pricing:
Interest rates of 18% flat and LACE 2%.
Interest rates of 18% flat and LACE 2%.
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