This is a short term credit facility designed to finance small scale commercial staple food crop production
Minimum Loan amount 50,000 and a maximum of 500,000
Loan repayment of up to 12 months based on crop cycle
The loan attracts an interest rate of CBR +2%
What you require to sign up
Be active account holders with Equity Bank for at least 12 months
Be in commercial farming, with proven two (2) successful production cycles and good knowledge of the market.;
Be a holder of and/or have access to arable land of between 2 and 20 acres for production of commercial staple food crops.
Borrower must have done at least two (2) successful years with farm proceeds banked in Equity Bank.
Demonstrate ability to repay;
Able to clearly demonstrate existence of other sources of income that could be utilized in loan repayment in case of crop failure, loss of harvest and/or poor marketing due to adverse weather and/or any other factors.
Provide documentary evidence of ownership of farm to be used for production or a valid lease agreement covering at least two future production cycles;
Be willing to take insurance for the crop being financed through Equity Insurance Agency Ltd.
Farming project to be financed must be within a radius of maximum of 30kms from the branch and easily accessible to the bank officials.