Kilimo Biasahara


• To facilitate agribusiness including seed, fertilizer, farm preparation, crop management and harvest management.
• For farmers growing commercial crops such as: kachachau, mabenda, passion, mchicha, hoho, sukuma wiki, kunde, maharagwe, water melon, including maize, potatoes, mihogo and sweet potatoes etc
• Farmers will provide conventional collateral to secure the facility
• Ability to repay i.e Total Net Income=Net Business Income +Net HH Income
• Active member with ordinary savings account where crop proceeds are saved.
• New farmers to have at least 2 acres under active production.
• Loan application should be accompanied by appropriate quotations and budget proposals
• Maximum repayment period is 12 months.
• Loan size: Max. 1M
• Interest rates is 13% p.a.
• Processing fee 1% of loan applied for
• Grace period: 3 months for other crops and 6 months for maize
• Minimum sacco shares contributions shall apply
• credit life insurance of 0.6% p. a
• 6.5% compulsory crop Insurance cover
• Repayment recovery: bullet payment to clear the loan upon receipt of earnings/harvests or payment from farmer upon loan maturity.
• Security/collateral: Applicable conventional collateral i.e shares, guarantors, title deeds or logbooks (MV/Tractors/trucks) and insurance.