Mavuno Sugarcane Working Capital

This targets Sugarcane farmers contracted by reputable sugar companies looking for working capital or farm development.

Benefits

  • Targets farmers whose cane is between 10-14 months
  • Loan duration 6 months
  • Loan access from Kshs 5,000 to 2 million
  • Competitive interest rate

Qualifying Criteria

  • Original contract document with the Sugar Company.
  • Statement of last sugarcane payments
  • 2 guarantors who must also be contracted by MSC and coming from the same block as the borrower
  • Active account with KCB
  • Crop must be 10 Months for ration crop and 14 months for plant crop.
  • Evidence of existing well maintained crop in the field.
  • Undertaking from the Sugar company committing to channel proceeds through borrowers account with KCB

Rates and Fees

  • Interest rate of 13% (CBR rate 9% plus Bank Variable margin of 4%)
  • Negotiation fees of 3%
  • Other fees e.g. insurance premium to be advised by the business banker at your branch


Loan Calculator

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