Kilimo Maendelo Loan

Great features

1. The target beneficiaries of this product are farmers operating monthly remittance accounts with Equity Bank i.e. tea and dairy farmers.
2. It has a flexible repayment period of up to 24 months.

What you require to sign up

1. You should be remittance account holders with Equity Bank for a minimum period of three (3) months
2. You need to have received at least one-month remittance through your Equity Bank account and to provide a three (3) years account statement from your previous bankers.
3. In case of buy-offs, the borrower should provide formal clearance from the previous bankers to transfer remittances to Equity Bank and provide a three (3) year account statement from the said institution(s).
4. You need to demonstrate your ability to repay the loan.
5. You should provide 3 of the most recent payslips.
6. 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.
7. Present evidence of the subject to be financed such as pro forma invoices, bills of quantity etc.

How to get this loan

• Visit your nearest Equity Bank branch
• Fill in and submit the loan application form to the bank
• The loan application is appraised.
• Upon approval an offer letter will be issued.
• Accepts the loan and returns offer letter and meet sanction conditions.
• The loan is disbursed.