TERM | Type of Loan | Purpose | Duration | Interest rate |
Medium Term | Cane Maintenance Loan | For farmers and institutions in need of maintenance of their first (1) or second (2) ratoon
|
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:
|
|
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 |
Sugar Loans
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2020-02-02T15:59:26+00:00