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

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

FARM INPUTS LOAN

Group Loan

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

Target Market

Groups of 5 – 10 both men and women aged from 18 to 75 years and are looking for inputs like fertiliser, seeds and chemicals.

Tenure

Max – 12 months

Thresholds

K5,000,000 to K30,000,000, 1st Time borrower from K5,000,000 2nd Time borrower from K10,000,0003rd Time borrower K20,000,000

Objectives
  • Contribute to socio-economic development.
  • Promote job creation.
  • Entrench entrepreneurship spirit
Benefits
Requirements
  • Leadership committee
  • Group guarantor-ship
  • AEDO’s certification of appropriateness of the amount of the inputs requested.
  • Proof of farmland acreage.
  • Maximum radius of 5 km
  • Group photo
  • Letter from local leader
  • Sketch map (To leader’s residences, to meeting place- must be a home of one of leader
  • Proof of farmland acreage.
Collateral
  • Group Cohesion
  • Individual members personal assets that are submitted collateral to group. Land (Registered and Unregistered Land)
  • Vehicles
  • Woodlot/Orchard
  • Plant and Equipment
  • Household Chattels
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