The Farm Inputs Loan targets farmers operating monthly remittance accounts with Equity Bank, helping them meet their farming needs i.e. purchasing farm inputs.
Loan amounts granted range between KSh5,000 and KSh200,000.
The collateral or security acceptable for this loan include sales proceeds for already sold farm produce (signed commitment and irrevocable change of pay point particulars form to be obtained); chattels mortgage over livestock, farm and household assets.
At least two guarantors who are active account holders in the Bank must be provided.
It has a maximum repayment period of 12 months.
What you require to sign up
Be remittance account holders with Equity Bank for a minimum period of three (3) months.
The applicant must have received at least one month’s remittance through his account, must have a six months’ account statement from previous banks or provide a formal clearance from the previous banks to transfer remittances to Equity Bank.
You must demonstrate ability to repay the loan.
You should provide at least the three (3) most recent payment slips.
Provide documentary evidence of ownership of the farm used for production or a valid lease agreement covering at least two future seasons. The same must be signed and witnessed by a lawyer.
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