The Procedures and Features of the product
- Targeting existing avocado business people/investors
- For acquiring acquiring seedlings, farm expansion,farm leasing, harvesting of mature fruits and inputs purchase among others;
- Interest rate would be 10% per annum;
- Loan duration: 36 months;
- Loan purpose: improve avocado production and its value chain;
- Repayment of at least 70% of loan would be considered before subsequent facility is taken;
- Loan has to be guaranteed by member deposits and guarantors
- Lending would be based on current income/cash flow;
- Site appraisal to be done before lending is done;
- Endorsement from the avocado cooperative to authenticate current income and history of loan applicant
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