Unity Farmers Cooperatives Finance SchemeFEATURES
This product is targeted at farmers’ cooperative societies/ farmers groups to meet their financial needs for the production of crops such as maize, cotton, rice, cassava etc.
PRODUCT BENEFITS
- Loan amount to be granted is up to 3 times the collateral balance
- Maximum tenor of 12 months
- Free Professional advice from Agric Desk.
- Flexible repayment periods.
REQUIREMENTS
- The farmers groups to open an account and save regularly
- Maintain 30% in the account as collateral balance for the loan required
- Counter guarantee of members.
- CBN guarantee and insurance cover with NAIC