Products
Machinery
Product description
This loan is for the purchase of farm machinery to facilitate production and transportation of farm produce. This is a direct response to the low uptake of technology and mechanized agriculture that continues to negatively impact on productivity levels. Apart from the convenience, increased mechanization and yields, an individual who comes for this loan product is assured of getting extra revenues from their farm machinery through hiring out to those who don’t have it.
Features
- REPAYMENT OF 2-5 YEARS WITH ANNUAL INSTALLMENTS
- DESIGNED FOR INDIVIDUAL & GROUPS
Items Financed
- Farm machinery and implements.
- Pick-up and truck for transport of farm produce
Requirements/Eligibility
- Machinery/vehicle to be registered jointly with AFC
- Provide a written quotation from reputable suppliers
- Machinery to be insured with comprehensive insurance cover
- Minimum deposit of 30% of net purchase price for new machinery and 50% deposit for reconditioned machinery
- Provide a written quotation from reputable suppliers
