Agriculture Loan
An agricultural financing solution designed to support production, processing, marketing, and investment in farming activities.
Overview
| Target Audience | Farmers and agribusiness operators engaged in agricultural production, processing, marketing, and investment. |
|---|---|
| Purpose | Financing farm inputs, land acquisition or lease, livestock, water infrastructure, and other agribusiness development needs. |
| Loan Coverage | Bulk purchase of inputs, borehole sinking, biogas construction, farm structures, livestock acquisition, and social development activities. |
Loan Requirements
Applicants must meet the following conditions:
- Be an active account holder with EBO Financial Services.
- Demonstrate clear ability to repay the loan.
- Be a commercial farmer with at least one (1) year of experience or one successful production cycle.
- Show alternative income sources to support repayment in case of crop failure or market challenges.
- Provide evidence of farm ownership or a valid lease covering at least two future production cycles.
- The farming project must be within a 50 km radius of the bank branch and accessible to bank officials.
- Be willing and able to provide acceptable collateral.
Loan Features & Benefits
| Category | Details |
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| Risk Management |
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| Support & Access |
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AGRICULTURE LOAN.
The Agriculture Loans enable customers engaged in Agricultural production, processing, marketing, and investment to access affordable loans for their Agricultural activities.
Benefits.
The purpose of this loan is to finance the bulk purchase of farm inputs such as certified seeds, fertilizers, and chemicals, pay for the lease of or purchase of additional agricultural land, sinking of boreholes, buying of hybrid livestock, construction of biogas, farmhouses and support any other agribusiness or social development needs.
Requirements.
- Be an active account holder with EBO Financial Services.
- Demonstrate ability to repay.
- Be a commercial farmer with experience of 1 (one) year or one successful production cycle.
- Able to clearly demonstrate the existence of other sources of income that could be utilized in loan repayment in case of crop failure, loss of harvest, and/or poor marketing due to adverse weather and/or any other factors.
- Provide documentary evidence of ownership of the farm to be used for production or a valid lease agreement covering at least two future production cycles.
- The farming project to be financed must be within a radius of 50 km from the bank branch and easily accessible to the bank officials.
- Able and willing to provide collateral to cover the loan.
