Co-operative Bank has been very thoughtful to the Agricultural Sector by having considerate loans to grow Agribusinesses in Kenya since the Covid-19 pandemic. Some of the financing options available include the following.
Horticulture & Floriculture Loan
This solution supports fruits, vegetables, and flower value chain players by financing working capital and farm development.
It enables the farmers to purchase land, develop the land by installing infrastructure for irrigation, greenhouses, solar energy, etc. This specific loan also gives farmers the capacity to buy assets that enhance production such as refrigerators/ cold rooms.
Requirements:
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Duly completed loan application form
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Have an account with a Co-op bank (new or existing)
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12 month Bank Statement
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Audited books of account for last 3 years and management account where applicable
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Cash flow projection
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Minimum Financing: Ksh 100,000
Maximum Financing: Dependent on repayment ability
Cotton Loan
This finance service is for the various cotton value chain players such as cotton farmers, ginneries, and textile millers and ranges from farm development finance to working capital and CAPEX.
Requirements:
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3- year historical production records
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1- year yield production projection
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Audited Books of accounts for the last 3 years
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Borrowing powers (for Co-operative societies only)
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12-month Bank Statement
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Cash-flow projections
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Resolution to borrow for C0-operative societies & companies.
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Minimum Financing: Ksh 50,000
Maximum Financing: Dependent on society’s repayment ability.
Visit any Co-op Bank branch today.
