Group Loan (Agriculture/Livestock)

 

Group Loan (Agriculture/Livestock)

TYPE FEATURE
Currency
  • AFA and USD
Number of members
  • Between 3 and 6 members.
  • A minimum of 4 members for the first cycle.
Minimum Amount per member
  • 100 USD and 5000 AFA
Maximum Amount per member
  • 1,000 USD and 50,000 AFA
Loan term
  • 6 to 24 month
Grace period
  • 0 – 8 Months
Repayment Frequency
Agriculture

0-11 months grace period annually (only charges) then monthly basis with charges and principle

Livestock

0-8 months grace period annually (only charges) then monthly with charges and principles

  • Equal Monthly Installments (EMI)
Guarantee
  • Cross Guarantee
Purpose
  • For purchase and breeding of livestock including buying feed, medicine and vaccines, expansion of livestock rearing and initiation or expansion of farming activities.
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