Mtaji Loan

  • This loan help farmers to increase their production capacity by acquiring agribusiness inputs, tools and equipment
  • Active member for at least 6 months
  • Maximum repayment period is 36 months
  • Loan repayments are structured to accommodate the inputs, tools and equipment earning capacity such as; Monthly STos from ordinary savings A/c to recover interests and principle or bullet payment upon sale of produce.
  • Interest rates is 18% p.a.
  • Processing fee 1% of loan applied for.
  • Grace period 3 months.
  • Must have 25% of value of inputs/tools/equipment as long-term deposits.
  • Insurance/credit life of 0.6% p. a
Posted in Micro Credit