The loan is for the purchase of farm machinery to facilitate production and transportation of farm produce . This is a direct responce to the low uptke of technologiy and machnized agriculture that continues to negativel impact on productivity levels, Apart from the convenience, increased mechanization and yield, an individual who comes for this loan product is aaasured of getting extra revenue from their farm machinery throght hiring out to those who dont have it. Repayment of 2-5 years with annual installment Desing for individual and Groups Mechanery / Vihicle to be registerd Joinly with AMC Mechinery to be insured with comprehensive insurance
- You must have an activity located within our lending area.
- The activity must be in the same premises for at least 6 months.
- The promoter must have experience of at least one year in the field of farming.
- Our minimum loan amount is £100 to £100,000 depending on the borrower's repayment capacity assessed based on verifiable business inventory and other criteria.
- ID Card
- Recent colored Passport Size
- Letter from referee or guarantor.
- Legal contract binding the obligation of borrower to the lender both to be signed by both parties
- Home and Business visitation
- Personal for intended project
- Open a Relationship account with AMC
- Be a member of AMC cooperative Partnership.
- Adequate land size for the guaranty of the lease guaranty.
- It doesn't take longer than the next 72 hours as long as the necessary requirements are adequately met.
- Our interest rate differs depending on the loan amount. However, it is very competitive.
Join our team
Joining the Baobab Group means choosing an international company operating as a community to drive impactful change in the daily lives of people around the world. Want to make a difference?
Join us!