Agricultural Loan
Special loan products designed exclusively for farmers
Agricultural LOAN
The loan targets individuals involved in the agricultural sector to enable them boost farm production.
Loan amounts upto MWK 5,000,000.
The repayment term is 24 months.
Requirements
- The borrower should be 18 years and above
- The borrower should have acceptable security and should cover at least 1.5 times of the loan amount
- The borrower should have been engaged in farming or related activities for at least one (1) year
Benefits
- Flexible loan amounts.
- Grace period commensurate with the gestation period of the enterprise to allow for harvesting and seeding of products
- An individual farmer or a group of farmers can apply.
Frequently Asked Questions
How long does approval take?
Approval typically takes 2-3 working days once all documents are submitted.