Collateral management agreement/Warehouse receipt financing: Working capital or fixed assets for value chain actors (farmers, processors, etc.) of seasonal agricultural products such as maize, rice, beans, soya, etc. stored in a certified warehouse.
Great Features
Limit Amount of USD 100,000 and over
Tenors : 6 - 12 months (exceptionally up to 24, if justified by the agricultural cycle and the stockability of produce)
Guarantee : stock of farm product
What you require to sign up
Legal documents allowing commercial/agricultural activities (agricultural land use permit, approval from local authorities at least, RCCM, license/patente, Id.nat…), operating permits, etc.
Be remittance account holders with Equity BCDC or be willing to open an Equity BCDC bank account.
Demonstrate repayment capacity and/or the existence of agricultural products or the origin of the products intended for storage in a certified/approved warehouse.
Be in commercial production or trade of cereals or leguminous for at least 1 year
Provide evidence of the existence of a sales market for the stored products.
Agree to channel revenues from the sale through an Equity BCDC bank account.
Easy Steps to Get This Loan Facility
Present yourself at the bank with a valid identity document and the legal documents of the activity to be financed.
Fill in the loan application form
Receive a visit from an agribusiness client advisor and other assessment officers
Sign the stock pledge agreement
Drop off the stock at the certified warehouse
Go to the bank with the warehouse receipt and sign the loan contracts
Why you should sign up for this product
This loan allows farmers and processors, traders to finance :
The lean season before the sale,
The working capital of the mills (purchase of additional products - processing, packaging, marketing, etc.).
The preparation of the next growing season (soil preparation work, pre-purchase of inputs, land rental, etc.).
Production costs incurred and secured debts during the production cycle/season.
The loan is guaranteed by the stock stored in the certified warehouse and managed by a third party holder.
Customer can better manage fluctuations in the prices of agricultural products and could see their stock increase in value during the operation.
Possibility of grouping several customers into a CMA to achieve the storage capacity required to make the operation profitable.
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.
