| Medium Term |
Cane Maintenance Loan |
For farmers and institutions in need of maintenance of their first (1) or second (2) ratoon
- Purchase of fertilizers
- Ploughing and weeding
- Procurement of Agrochemicals
|
Up to 18 months |
5%, reducing balance |
| Value addition Loan |
Agro–Processing Loan facility for borrowers who are engaged in processing or value addition to agricultural products through processing before selling |
Up to 24 Months |
10%, reducing balance |
| Factory Rehabilitation Loan |
To facilitate Sugar factories to rehabilitate Factory Related Machinery leading to expansion and higher levels of efficiency;Â Refurbish equipment and procure spare parts for factory |
Up to 24 months. |
5% , reducing balance |
| Long term |
Cane Development Loan |
For farmers and institutions who would want to establish and maintain ratoons. |
A five (5) year loan disbursed as follows:
- 40% for establishing plant crop (24 months),
- 30% for maintaining first (1) ratoon (18 months);
- 30% for maintaining second (2) ratoon (18 months).
|
- 4% (if an institution is lending to a farmer),
- 5% (If the institution is utilizing it for Cane Development Purposes)
|
| Machinery and Equipment Loan |
To facilitate borrowers acquire machinery and equipment. |
Up to 60 months |
5%, reducing balance |
| Infrastructure Loans |
This loan facility is meant to assist producers undertake critical construction works. |
Up to 60 months |
10%, reducing balance |
| Water Development/Irrigation Loans |
This loan facility is aimed at assisting borrowers’ access water on the farm/premises and also installation of irrigation system. |
Up to 60 months |
10% reducing balance |
