Agri Micro Loan
Micro Agribusiness Loan is designed to
finance small and medium agricultural producers and micro agriculture-based
entrepreneurs/agro-traders.
This facility is aimed at but not limited to:
•
Farmers and farming entities both in livestock and crop production without
regular monthly remittances. • Micro agricultural traders and agro-processors
such as dairy processors, farm output buyers, etc. including licensed home
based value addition businesses, on-farm processing and agro based micro
enterprises etc. • Agricultural service providers such as equipment hiring
services, soil testing, veterinary services, commercial technical training and
support etc.
What you require to sign up
- Be an active account holder with AIB for at least 12 months
- Be in commercial farming with experience of at least two (2) successful seasons/cycles and good knowledge of the market.
- Have the relevant licensing especially for agro-traders and processors.
- Demonstrate existence of other reliable sources of income that could be utilized in loan repayment in case of crop failure, poor harvest, poor markets etc.
- Provide documentary evidence of ownership of the farm used for production or a valid lease agreement covering at least two future seasons/cycles.
- Farming project to be financed from the branch and easily accessible to the bank officials.
Great features
- Maximum Repayment period of up to 24 months
- Flexible Mode of Repayment based on agribusiness income cycle
Why you should sign up for this product
- Affordable interest rates
- Repayment aligned to production cycles.
- The Crop, livestock or stock to be insured.
- Fast processing at the nearest branch of choice.