Mavuno Tea Loan

This loan is specifically designed to give tea farmers seasonal credit for farm inputs, working capital or farm development

Qualifying Criteria

  • An active account with KCB for 3 months
  • Registered member of a tea factory
  • Letter of undertaking to commit to channel proceeds through KCB

Benefits

  • Crop insurance for farm development loan
  • Credit life insurance to apply for all loans borrowed by individual farmers.
  • Maximum tenure 36 Months
  • Loan accessible to both individuals and farmers’ organizations trading with main tea companies
  • Competitive interest rates
  • Access to loan value of 70% of total tea delivery.
  • Access advance payments
  • Loans from as low as Kshs 5,000 up to Kshs 3,000,000

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


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