This is a credit vehicle meant to facilitate farmers in undertaking farm developments such as construction of farm houses, zero grazing yards and biogas plants; purchasing of motor vehicles and land etc. and to meet social development needs.
The target beneficiaries of this product are farmers operating monthly remittance accounts with Equity Bank i.e. tea and dairy farmers.
Loan amounts granted are between KSh50,000 and KSh1,000,000.
It has a flexible repayment period of up to 24 months.
What you require to sign up
You should be remittance account holders with Equity Bank for a minimum period of three (3) months
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.
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).
You need to demonstrate your ability to repay the loan.
You should provide 3 of the most recent payslips.
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.
Present evidence of the subject to be financed such as pro forma invoices, bills of quantity etc.
Additionally Why you should sign up for this product
The beneficiaries will have access to the region's most competitive loan rates.
Training and mentorship programmes will be made available to you.
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