Agriculture Loan
- This is a loan given to farmers for inputs and field preparation requirements
- This loan enables the farmer to make better agricultural preparations to enable him to get a higher and better yield
- Loans are provided during field preparation / cultivation of the respective crops
- Interest is cheap and is paid up front (Up front interest)
- Returns take place within a period of six months to twelve months during the harvest / sale of the respective crop
- This loan can be given to an individual or groups of entrepreneurs involved in agriculture.
Loan applications should be accompanied with
- Letter of employment
- Letter of confirmation at work
- Statement of salary slip of the last three months
- A bank statement of at least 6 months from the bank whose salary is reviewed