Description
The Hofokam agriculture loan product is a credit facility designed for crop and animal input financing to enable purchase of quality seeds, fertilizer, herbicides, payment for labour, acquisition of income generating assets(including biological assets like dairy cows) agricultural implements, machinery, water pumps, irrigation equipment, smoothening working capital requirements for traders, collectors, bulkers and wholesalers for purchase of agricultural products from farmers.
Benefits
- Fast loan processing
- Affordable interest rates
- Flexible repayment plans
- Grace period available on a case-by-case basis
Requirements
- Must be 18 years and above
- Collateral security (e.g., chattels, land agreements, land titles, motor vehicle log book)
- Two guarantors with two passport size photos each
- The client should reside within Hofokam’s operational area
- Applicant must possess reliable income sources