- info@majaneessaco.com
- Limuru , Mabroukie Tea Factory
- +254 745 537 367
- +254 743 588 078
- +254 745 239 348
Agriculture Loan
Refinancing Loan
The Agriculture Loan at Majanees RNWDT SACCO LTD is tailored to support members engaged in agricultural activities. This loan provides the necessary funds to invest in farming operations, purchase equipment, or cover other agricultural expenses, promoting the growth and sustainability of members’ agricultural ventures.
Key Features
- Loan Amount: Determined based on the member’s deposits and eligibility.
- Repayment Period: Up to 12 months.
- Interest Rate: 3% per month on a reducing balance.
- Eligibility Requirements: Must be a registered member with proof of loan repayment ability.
Benefits
- Targeted Support: Specifically designed to meet the financial needs of members in the agricultural sector.
- Short-Term Repayment: Offers a manageable repayment period of up to 12 months, aligning with agricultural cycles.
- Substantial Funding: Provides sufficient funds to cover a wide range of agricultural expenses, from purchasing seeds and fertilizers to acquiring machinery.
- Sustainability Focus: Encourages investment in sustainable agricultural practices through accessible financing.
Eligibility and Application
- Eligibility: Must be a registered member of Majanees RNWDT SACCO with the ability to demonstrate loan repayment capability.
- Application Process: Submit the agriculture loan application form along with required documentation, including proof of farming activities and repayment capacity.
- Processing Fee: A 1% initial processing fee is charged on the loan amount.
Summary
The Agriculture Loan from Majanees RNWDT SACCO LTD provides vital financial support for members engaged in farming and agricultural activities. With its targeted support, substantial funding, and short-term repayment period, it is designed to promote the growth and sustainability of members’ agricultural ventures. Apply today with Majanees SACCO to enhance your farming operations.