COCONUT LOAN PRODUCTS

TERMTYPE OF LOANTARGET &PURPOSE REPYMENT DURATIONINTEREST RATE
Short term loans:Working capital – Mtaji loan

 

For individuals, processing companies, societies and established groups to finance purchase of raw materials and transportation, packaging and branding, certification and labour.12 months5% PA, on reducing balance
Coconut Processing Loan – Dhamani loanTargets individuals, processing companies, societies and established groups to finance repair and maintenance of machinery, construction of new sheds and storage units and associated labour expenses12 months5% PA, on reducing balance
Medium term loansNursery development loan – Uimarishaji wa kitalu loanSupports individuals, processing companies, societies and established groups to finance establishment of coconut nurseries18 months5% PA, on reducing balance
Long term loansCoconut machinery loan – Mashine loanTargets individuals, processing companies, societies and established groups to finance acquisition of new machinery, factory construction, replacement of unserviceable equipment and associated labour costs60 months5% PA, on reducing balance
Coconut farm establishment LoanTargets manufacturers and large scale processors wishing to establish nucleus estates.60 months5% PA, on reducing balance
Coconut water development loan

 

Targets Coconut Manufacturers and large scale processors who intend to irrigate nucleus estates to finance access to water as well as Irrigation systems.60 months5% PA, on reducing balance
Coconut Infrastructure LoanTargets coconut processors (aggregators) to finance Construction of factories60 months5% PA, on reducing balance
Value Addition LoanTargets borrowers engaged in processing or value addition to coconut products.60 months5% PA, on reducing balance

Note:

  1. Interest rate of 3% Per Annum (reducing balance) for loans to Women, Youth and PWD the loans to attract an i
  2. All loan products will have a grace period of six (6) months
  3. Processing fee: 1.5% of he requested amount