Micro Agribusiness Loan is designed to finance small and medium agricultural producers and micro agriculture-based entrepreneurs/agro-traders. This facility is aimed at but not limited to:
• Farmers and farming entities both in livestock and crop production without regular monthly remittances.
• Micro agricultural traders and agro-processors such as dairy processors, farm output buyers, etc. including licensed home based value addition businesses, on-farm processing and agro based micro enterprises etc.
• Agricultural service providers such as equipment hiring services, soil testing, veterinary services, commercial technical training and support etc.
Minimum Loan amount is KShs.10,000 with a Maximum loan of Ksh.500,000
Maximum Repayment period of up to 12 months
Flexible Mode of Repayment based on agribusiness income cycle
What you require to sign up
Be an active account holder with Equity Bank for at least 12 months
Be in commercial farming with experience of at least two (2) successful seasons/cycles and good knowledge of the market.
Have the relevant licensing especially for agro-traders and processors.
Demonstrate existence of other reliable sources of income that could be utilized in loan repayment in case of crop failure, poor harvest, poor markets etc.
Provide documentary evidence of ownership of the farm used for production or a valid lease agreement covering at least two future seasons/cycles.
Farming project to be financed must be within a radius of maximum of 30kms from the branch and easily accessible to the bank officials.