This is a short and medium term credit facility designed to finance youth to establish Food and Agriculture related businesses. This is a short and medium term credit facility designed to finance youth to establish Food and Agriculture related businesses. The target beneficiaries of this product are professional graduates in F & A related technical courses at TVET, Diploma, Bachelor’s and Master’s Degree level. The courses to be considered will include;
• Food Science and Technology
• Horticulture – hydroponic, irrigation systems
• Animal health and production
• Agricultural and Bio-systems engineering
• Other course to be considered on case to case basis
Minimum loan amount of kes. 100,000/ and a Maximum: Kes.1,000,000/-
Repayment period period of upto 12 months for producton based financing and 24 months for capital Expenditure
What you require to sign up
Be a graduate from a recognized F & A related training institution having attained;
2nd upper division for Degree (including Master’s Degree Holders)
Distinction for Diploma OR
Approved certification on any technical training in Agriculture from recognized institutions.
Be interested in establishing a business entity in line of the training specialization and background.
Be active account holders or be willing to open and operate an account with Equity Bank (K) Ltd.
Demonstrate ability to run viable and bankable project preferably based on the academic projects presented to the relevant department at attaining the training certification of the borrower.
Be trained or willing to be trained on Financial Literacy, Entrepreneurship and Digital Literacy by Equity Group Foundation.
The Borrower’s project must be of commercial nature.
Able to contribute at least 10% of the total project cost in cash as part of the capex.
Provide documentary evidence of tenancy of the property/premises to be used for the business in way of a valid lease agreement and/or formal confirmation of the parent’s/guardian’s property allocation.
Provide signed contracts to purchase the produce/products from proposed buyers.
Why you should sign up for this product
Affordable interest rate
Creation of Employment to youth and all the players in the chain.
Allow youth to participate in building the Economy.
Free Provision of Financial Literacy, Entrepreneurship and Digital Literacy training to MSMSEs within ecosystems.