Bank of Africa offers Agribusiness loans to farmers in Kenya to boost their farm yields.
The Agribusiness loans are used to purchase farm input such as seeds ,fertilizer etc ,buy livestock, lease land ,meet harvesting and marketing costs.
 |
| Crop farming |
The Agribusiness loans are used to purchase farm input such as seeds ,fertilizer etc ,buy livestock, lease land ,meet harvesting and marketing costs.
Features Of Agribusiness Loans From Bank of Africa.
- Loans are given up to a maximum of ksh 100,000
- The loan can be advanced in both Kenya Shilling and in foreign currency
- Interest rate charged is per CBK regulations
- Has a flexible loan repayment schedule depending on the farmer's cash flow
- Maximum of 3 years for loans to buy Machinery or equipment
- Maximum of 1 year for crop production ( harvest time)
- The loan can be secured by a combination of any acceptable securities such as title deed, logbook ,listed shares or cash covers
Qualifications and Requirements For Agribusiness loans from Bank of Africa
- 12 months Bank statement
- A detailed analysis of the Agricultural project
- Documents to prove ownership of the land or lease agreement
- Good credit history
- Business records/ farm records
- Dully completed loan application form
- Detailed call report including photos and sketch maps
How To Apply For Agribusiness Loans at Bank of Africa
To apply for Agribusiness loans with Bank of Africa please visit any nearest branch or contact the bank for clarification through:
Tel +254 020 3275120
Cell +254 703 058 120
Email: yoursay@boakenya.com
Advertisements
Post a Comment