- 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
Mtaji Loan
Posted in Micro Credit