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. Loan amounts granted are between KSh50,000 and KSh1,000,000.
  3. 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.

 

Additionally Why you should sign up for this product

  1. The beneficiaries will have access to the region's most competitive loan rates.
  2. Training and mentorship programmes will be made available to you.

Get a quick quote

You will take home

Installments (p.m)

LACE (6%)

Insurance (0.625%)

Total Interest

Total Loan

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Equity Bank is Regulated by Central Bank of Kenya