CGEE potential clients are women who do not have access to the credit facilities offered by commercial banks due to lack of material collaterals.
About Regular/Small Loan
This loan is for existing clients who are agro producers. Since agriculture is essential to the socio-economic growth of any country, this loan is designed to enhance food security among poor families and the society at large. It is paid back monthly. This loan attracts the highest moratorium.
THE FOLLOWING ARE THE FEATURES OF AGRIC LOAN:
- Facility range: N50,000 (minimum) to N200,000 (maximum)
- Methodology: Individual lending but group liability
- Duration: 1-10 months
- Grace period: 2 months
- Repayment frequency: monthly
- Clients must belong to a group
- Prospective clients must be practicing farmers with verifiable evidence of existing farm investments.
BENEFITS:
- No collateral
- Provides capital for farming activities
- Flexible repayment structure
- Low service charge
- Expert financial advice available
DOCUMENTATION REQUIRED INCLUDE:
- Duly completed application form
- 2 guarantors
- A valid bank account
- 2 recent passport-size photographs
FREQUENTLY ASKED QUESTIONS:
1. Q: Where can I access this Agric Loan?
A: Currently, you can access Agric Loan only at any of our branches provided you meet up with the criteria.2. Q: Can I access Asset loan along Agric Loan?
A: no
Important Dates
25
December
Christmas Day
Christmas Day