Who this loan is for?
This loan is designed for SACCO members engaged in agricultural activities, whether commercial or subsistence. It is particularly suited for farmers involved in crop production, livestock rearing, produce marketing, or agro-processing, including coffee farmers and others operating along the agricultural value chain.
- Agribusiness Loan
Loan Details
Required Documents
- Valid National ID
- Business/farm plan or production schedule
- Completed loan application form
- 2 guarantors with valid IDs
- Passport photo of applicant and next of kin
- Proof of farm activity (e.g., photos, receipts, invoices)
Additional Charges
- 0.7% insurance
- 2% loan commission
- 1% loan monitoring fee
- UGX 15,000 stationery
- UGX 15,000 stamp duty (for loans above UGX 3M)
Why Choose This Loan
- Designed specifically for agricultural enterprises
- Flexible repayment options tailored to farming cycles
- Access to large funding amounts for scalable agri-projects
- Encourages productivity and rural development
- Can be used for any stage of the value chain from planting to export
- Loan Features
Loan Amount
Members can borrow from UGX 300,000 up to UGX 300,000,000, depending on their project scope and repayment capacity.
Repayment Period
The loan offers a flexible repayment period of up to 36 months, making it suitable for both short- and long-term agricultural cycles.
Interest Rate
The loan carries an interest rate of 36% per annum, calculated on a declining balance basis, ensuring borrowers pay less interest as they reduce their principal balance.
Grace Period
Borrowers involved in production value chains may request a grace period of up to 2 months, subject to written application and approval.
Repayment Mode
Repayments can be made on a quarterly basis, while coffee farmers may opt for bi-annual repayments, aligned with harvest seasons.
Ready to Apply?
Visit your nearest branch or call 0782378716 to speak to a loan officer.
You can also email us at rwanyamahembesacco@yahoo.com.
