Kilimo Maendelo Loan

Great features

1. The target beneficiaries of this product are farmers operating monthly remittance accounts with Equity Bank i.e. tea and dairy farmers.
2. It has a flexible repayment period of up to 24 months.

What you require to sign up

1. You should be remittance account holders with Equity Bank for a minimum period of three (3) months
2. You need to have received at least one-month remittance through your Equity Bank account and to provide a three (3) years account statement from your previous bankers.
3. In case of buy-offs, the borrower should provide formal clearance from the previous bankers to transfer remittances to Equity Bank and provide a three (3) year account statement from the said institution(s).
4. You need to demonstrate your ability to repay the loan.
5. You should provide 3 of the most recent payslips.
6. Provide documentary evidence of ownership of the farm used for production or a valid lease agreement covering at least two future seasons. The same must be signed and witnessed by a lawyer.
7. Present evidence of the subject to be financed such as pro forma invoices, bills of quantity etc.

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

1. The beneficiaries will have access to the region's most competitive loan rates.
2. Training and mentorship programmes will be made available to you.
3. Negotiated Insurance premiums 
4. Flexible security requirements
5. Repayments matched to crop cycle or income patterns

Complaints Handling Process

• Lodge complaint at any of our branches, via call center, info@equitybank.co.ke or website: https://equitygroupholdings.com/ke/ We will record your feedback and issue you with a reference number.
• We will acknowledge you feedback within 48hours.
• 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.