This loan (Agrocom) targets medium and large-scale farmers involved in all aspects of agriculture, from large-scale agricultural foundations to medium and large-scale agricultural traders and processors.
Great Features
Limit Amount of USD 2,000 and over
Tenors :
up to 60 months depending on the type of loan for fixed assets needs;
18 months (exceptionally up to 24, if justified by the agricultural cycle) for working capital need
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 for other actors in the agricultural value chain and in all cases a proof of ownership or rental of the land exploited.
Proven experience in the targeted agriculture business (*Clients who already have another stable income-generating activity with at least 2 years of experience are eligible for an agribusiness loan even if the new agribusiness activity does not meet the operational experience criteria).
For Agricultural Cooperatives and Farmers' Organisations: Legal status designating the legal representative, Authorisation to operate (e.g. from the local administrator) or legal personality, List of members of the organisation (membership contract), Minimum 1 year proven operating experience
In the context of a structuring programme for access to finance, agribusiness loan can be granted to newly formed business (e.g. GIEs). However, the stakeholders or associates of the GIE must meet the experience criteria for agribusiness loan.
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
Going back to the bank to sign loan and other contracts
Why you should sign up for this product
Repayment schedule adapted to individual cash flows: possibility of regular and irregular monthly instalments, grace periods and moratories (max. 12 months) according to the seasonal nature of the agricultural product.
These loans allows actors in the agricultural value chain to finance their needs in the processing, storage, import, export and sale of agricultural products and equipment and any other needs related to the development of their activity.
Contact Us
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