About The Loan
The loan is available to youth who wish to start or expand agricultural related businesses including purchase of equipment and working capital. The loan is available to individuals, registered groups, partnerships and companies owned and run by the youth. Youth can access up to Kshs. 1 Million. The loan attracts an interest of 8% and a 1% processing fee netted off at disbursement.
Maximum Loan Term: 2 years
Repayment Period
- Kshs. 20,000 to 50,000: Max 9 months
- Kshs. 50,001 to 200,000: Max 12 months
- Kshs. 200,001 to 500,000: Max 18 months
- Kshs. 500,001 to 1,000,000: Max 24 months
Collateral/Security:
- For loans up to Kshs.. 300,000:
- Social collateral from Aggregate, CBO, Investment Club, or SACCO
- Conventional Security:
- Loans secured by chattels will require two guarantors
- Loans up to Kshs. 300,000 will be secured using flexible security options (chattels, stock, business assets, livestock, and/or guarantees)
- Top-up/repeat loans above Kshs.. 300,000 will be secured using conventional securities