This is a short term credit facility designed to finance production inputs and associated costs to medium and large scale Seed Grower Farmers.
Minimum amount of kes 50,000 with maximum being client’s ability to pay.
Maximum repayment period of 12 months based on crop cycles.
What you require to sign up
Be active account holders with Equity Bank or willing to open and operate an account with Equity Bank (K) Ltd.
Demonstrate ability to repay.
Must be in commercial seed growing, with experience of at least one (1) year or one successful production cycle (this need to be evidenced by proof of the past sales records & receipts, previous banking history, or recommendation from Kenya Seeds Company, or any other seed multiplication contracting company.).
The area of production must be of at least 2 acres.
Able to contribute 30% of the total production cost either in cash or in kind.
Provide documentary evidence of ownership of farm to be used for production or a valid lease agreement covering at least one future production cycle.
Provide signed seed production with the contracting company.