Coconut Portfolio

COCONUT LOANS

Term

Loan Products

Activities Financed

Repayment Period

Interest Rate

SHORT TERM

LOANS

Working capital

(Mtaji loan)

l
Purchase of raw materials;

l
Transportation;

l
Packaging and branding;

l
certification &

l
Processing labour

Within 12 months

5%, on a reducing balance

Coconut Processing Loan
(Dhamani loan)

l
Repair and maintenance of machinery,

l
Construction of new sheds/

l
Construction of storage units and;

l
Labour

Within 12 months

5%, on a reducing balance

MEDIUM TERM

LOANS

Nursery development loan (Kitalu
loan)

Establishing a coconut nursery
and all its requirements, including labour.

Within 18 months

5%, on a reducing balance

Coconut machinery loan

(Mashine
loan)

l
Acquisition of new machinery,

l
Replacement of obsolete equipment;

l
Setting up processing factory, including Labour.

Within 36 months

10%, on a reducing balance

(NB: For women, youth& Persons Living with Disability; interest rate is 3%)