Lilongwe 07:30 – 16:30 4295
FARM INPUTS LOAN

Contribute to socio-economic development. Promote job creation. Entrench entrepreneurship spirit

FARM INPUTS LOAN

Individual Loan

Rate: Interest - 4.8% pmProcessing fee - 4.5% Life Insurance - 1.5%%

Target Market

Individuals involved in farming aged from 18 to 75 years and are looking for inputs like fertiliser, seeds and chemicals.

Tenure

Max – 12 months

Thresholds

Min: MK1,000,000 Max: MK30,000,000

Objectives
  • Contribute to socio-economic development.
  • Promote job creation.
  • Entrench entrepreneurship spirit
Benefits
Requirements
  • National ID
  • Letter from local leader
  • Sketch map to place of residence and business
  • Bank statements
  • AEDO’s certification of appropriateness of the amount of the inputs requested.
  • Proof of farmland acreage.
  • Business Profile/records
  • Business Registration
  • Physical Collateral
  • Guarantors letter and his/her National ID
  • Spouse consent letter where applicable
  • Memorandum and Articles of Association for private limited companies
  • Passport Size Photo (Colour)
  • Pictures (farm and collateral)
Collateral
  • Collateral Insurance - TBA
  • Land (Registered and Unregistered Land)
  • Vehicles
  • Woodlot/Orchard
  • Plant and Equipment
  • Household Chattels•
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