This is a loan product specially designed to cater for purchase of modern agricultural tools and equipment such as irrigation equipment, green house tunnels, spraying equipment, milking machines, etc.
Kilimo Kisasa Loani
- Interest rates of 18% flat
- LACE 2%
- Minimum loan amount of Tshs. 500,000 and maximum depends on ability to repay
- Flexible security requirements e.g. chattels, log books, shares or cash cover, debentures, title deeds, guarantors, residential license, etc
- Maximum repayment period of 2 years
- Repayments negotiated to match the seasonality of proceeds
- Credit Insurance
- Should be an account holder with Equity Bank for at least 3 months
- Registered business
- Permanent business locations
- Acceptable securities
- Reliable cash flows
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