This is suitable for crops and live stocks farming, when a beneficiary repays his loans as at when due they automatically qualify for interest drawback program(IDP)operated by the central bank of Nigeria.
Farmers enjoys rebate on interest if loan repayment is made as and when due.All in the value chain of farming can also be beneficiaries.To further qualify,farmers need to obtain insurance cover through the Agricutural insurance Scheme to protect the farmers against the devastating effect of natural disaster and to ensure appropriate compensation in other to bring the farmers back to production
Agricultural loans are availed by a farmer to fund seasonal agricultural operations or related activities like animal farming, pisci-culture or purchase of land or agricultural tools. This type of loan also helps buying inputs such as fertilizers, seeds, insecticides etc. and engaging labour for cultivating and harvesting the crops.
No 3 Awka street, Inside Cyprian Ekwensi centre Arts & Culture, Area 10 Garki FCT-Abuja.
Karu Community Plaza(Inside Karu Market) Shop Cm31
08150502390 | 08150502431