This loan targets agri-value chains player engaged in different form of contract farming, especially smallholder farmers (sourcing farmers) supplying agricultural products under contract to a lead or umbrella company. The lead firm may be a processing entity, an aggregator, a large agribusiness firm, etc.
Great Features
Limit Amount of :
USD 5,000 and over for the lead firm
USD 50 and over for sourcing farmers
Tenors : depend on the seasonality of agricultural speculation and income (for the supplying producer)
Moratorium and/or grace period on the growing-processing, distribution and pending payment period
What you require to sign up
For the Lead Firm:
Have legal registration documents
Have a sales contract with a reliable buyer or a credible distribution and marketing channel.
Present a list of sourcing farmers (with offtake agreement and a technical assistance contract if necessary).
For sourcing farmers:
Have signed a contract for pre-financing and/or delivery (of all or part of) the production to the lead firm.
Prove the capacity to produce and deliver the products in accordance with the contract with the lead company.
Easy Steps to Get This Loan Facility
Submit to the bank all legal documents of the lead fim and contractual documents between the lead firm and sourcing-farmers.
Fill in the loan application form
Receive a visit from an agribusiness client advisor and other assessment officers
Going back to the bank to sign loan and other contracts
Why you should sign up for this product
Micro loan to the lead firm's sourcing-farmers.
Reduction of the burden of collateral on small-scale farmer.
Possibility of in kind repayment via the lead firm,
Ultimately reducing the cost of credit for the farmer.
Improvement of the technical itineraries followed by farmers and consequently of productivity.
Application Forms
Contact Us
We would like to call you back regarding this product.
Success
We acknowledge receipt of your details; kindly expect a response within the next 24 working
hours.
