This loan targets players in agricultural export value chains such as coffee, cocoa and other export products. Beneficiaries of the product can be cooperatives and/or their members (small-scale farmers).
Through “cooperative” loan, it is possible to finance:
The campaign to collect export products from producer members,
Working capital requirements for processing and export,
Any other needs, including social needs (health, education, etc.) of cooperative’s members through the cooperative.
Great Features
Limit Amount of :
USD 5,000 and over for the cooperative
USD 50 and over for cooperative’s members
Tenors : 12 months. With repayment terms according to the crop cycle. Exception based on seasonality of agricultural speculation and income (for loans to members)
Moratorium and/or grace period on the growing-processing, distribution and pending payment period
What you require to sign up
For the cooperative:
Be a cooperative with a reliable contract to sell/export to a trusted international or local buyer.
Have already made at least one sale/export in the last two campaigns (except in exceptional cases).
Have the legal registration documents of operation (license, legal personality, land lease contract issued by the community, sector chief, etc.).
Submit a list of the cooperative's members (with supporting membership contract) or a list of suppliers.
For cooperative's members:
Being a member of an eligible cooperative
Have worked with the cooperative in the last 2 years (with some exceptions)
Have signed a pre-financing and/or delivery agreement of (all) production to the cooperative.
Owned the used land or had a land lease contract
Being an effective member of the cooperative with payment of the social contribution
Easy Steps to Get This Loan Facility
Submit to the bank all legal documents of the cooperative and contractual documents between the co-operative and its members.
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 cooperative’s members.
Reduction of the burden of collateral on small-scale farmer.
Possibility of in kind repayment via the cooperative,
Ultimately reducing the cost of credit for the farmer.
Contact Us
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