This is a short and medium term credit facility designed to finance youth to establish Food and Agriculture related businesses. The target beneficiaries of this product are professional graduates in F & A related technical courses at TVET, Diploma, Bachelor’s and Master’s Degree level. The courses to be considered will include;
• Food Science and Technology
• Horticulture – hydroponic, irrigation systems
• Animal health and production
• Agricultural and Bio-systems engineering
• Other course to be considered on case to case basis
Great features
Minimum loan amount of kes. 100,000/ and a Maximum: Kes.1,000,000/-
Repayment period period of upto 2 years
For charges applicable to this product/service, refer to the tariff guide available on this link.
What you require to sign up
Be a graduate from a recognized F & A related training institution having attained;
2nd upper division for Degree (including Master’s Degree Holders)
Distinction for Diploma OR
Approved certification on any technical training in Agriculture from recognized institutions.
Be interested in establishing a business entity in line of the training specialization and background.
Be active account holders or be willing to open and operate an account with Equity Bank (K) Ltd.
Demonstrate ability to run viable and bankable project preferably based on the academic projects presented to the relevant department at attaining the training certification of the borrower.
Be trained or willing to be trained on Financial Literacy, Entrepreneurship and Digital Literacy by Equity Group Foundation.
The Borrower’s project must be of commercial nature.
Able to contribute at least 10% of the total project cost in cash as part of the capex.
Provide documentary evidence of tenancy of the property/premises to be used for the business in way of a valid lease agreement and/or formal confirmation of the parent’s/guardian’s property allocation.
Provide signed contracts to purchase the produce/products from proposed buyers.
How to get this loan
Visit your nearest Equity Bank branch
Fill in and submit the loan application form to the bank
The loan application is appraised.
Upon approval an offer letter will be issued.
Accepts the loan and returns offer letter and meet sanction conditions.
The loan is disbursed.
Why you should sign up for this product
Affordable interest rate
Creation of Employment to youth and all the players in the chain.
Allow youth to participate in building the Economy.
Free Provision of Financial Literacy, Entrepreneurship and Digital Literacy training to MSMSEs within ecosystems.
If we cannot resolve the complaint immediately, we will advise on the next cause of action and when to expect feedback from us.
We will endeavor to resolve the complaint within 7 working days. However, should we require more time to it, we will keep you updated with progress every 7 days until the complaint is resolved.
Should the resolution not meet your satisfaction, feel free to get back to us with your concerns and we will review the issue and resolution and revert back to you.
Rights and Obligations
T & Cs of loan facility are detailed on the offer letter.
Customer data privacy policy is included in the offer letter.
The rights and obligations of the borrower are detailed in the offer letter.
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