Unity Farmers Cooperatives Leasing SchemeFEATURES
The product is targeted at farmer’s cooperative societies / farmers groups in need of farming tools and equipments. Such tools and equipments (ploughs, harrows, water pumps, sprayers etc) can be obtained through leasing arrangement.
PRODUCTS BENEFITS
- Maximum loan amount is 3 times the collateral balance.
- Maximum tenor of 36 months.
- The leased equipments serve as part of the collateral.
- 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