BANK

For Agri-Business

Interested in:

 

      • Structured loan

        This is an agribusiness loan designed for crop farmers who do not have contracts with reputable off takers. The loan repayment cycles are designed to correspond to the respective crop season

        Benefits

        • Loan upto 250 M
        • Loan tenor pegged on crop cycle
        • Loan repayment by bullet

        What we need from you*

        • Past crop production records
        • Projected cash flow
        • Suitable security requirements
        • Must have been in production for at least two crop cycles

        *A bank representative may call you at any time to obtain further information in line with our KYC process. At no point shall you be asked for your PIN or passwords.  Remember, PIN yako siri yako.

        Loan Rates & Fees*

        • Interest charged at CBR+4%
        • Negotiation charged at 3%

        *Charges are not inclusive of tax

      • Contracted Crop loan

        This is a loan product designed for farmers contracted by reputable companies for seed multiplication. It comprises input financing and invoice discounting.

        Benefits

        • Unsecured loan amount of up to Kes. 5 million for Kenya seed growers and Kes. 3 million for growers of other approved companies
        • Loan amounts above Kes. 5 million for Kenya seed growers and Kes. 3 million for growers of other companies to be fully secured.
        • Loan repayment duration up to 12 Months.

        What we need from you*

        • Valid contract between the grower (farmer) and an approved seed company
        • Undertaking from the seed company to channel proceeds through growers KCB account

        *A bank representative may call you at any time to obtain further information in line with our KYC process. At no point shall you be asked for your PIN or passwords.  Remember, PIN yako siri yako.

        Loan Rates & Fees*

        • Interest charged at CBR+4%
        • Negotiation fee charged at 3%

        *Charges are not inclusive of tax

      • Horticulture loan

        This is a greenhouse and irrigation Kits financing product offered in collaboration with two companies namely Hortipro Company Limited and Amiran-Kenya Limited. These partner companies provide expertise in installation.

        Benefits

        • Loan amount of up to Kshs 250 million.
        • Asset to be used as collateral.
        • Loans above 1 million must have tangible security
        • 10% contribution by the farmer
        • Loan repayment duration up to 36months.
        • Crop Insurance offered by KCB Insurance.

        What we need from you*

        • Borrower must be an active farmer in horticulture/floriculture for atleast 12 months or 1 production cycle.
        • Borrower must produce evidence of ownership of land on which the farming is done.
        • Project site must have or be next to a reliable source of water.

        *A bank representative may call you at any time to obtain further information in line with our KYC process. At no point shall you be asked for your PIN or passwords.  Remember, PIN yako siri yako.

        Loan Rates & Fees*

        • Interest charged at CBR+4%
        • Negotiation fee charged at 3%

        *Charges are not inclusive of tax

      • Farm Development Loan

        Fund expansion of farm enterprise (land acquisition, farm assets and machinery).

        Benefits

        • Maximum loan period - 36 months
        • All loans must be fully secured
        • ABF terms will apply for acquisition of machinery
        • Installments, one-off or yearly while servicing monthly interest.

         

        What we need from you*

        • Active KCB account.
        • Copy of National Identify Card/Passport
        • Registered member of tea factory.
        • Must be in commercial farming for at least 1 year.
        • Remittances slips or receipts of previous sales.
        • Tripartite agreement with marketing agency/letter of undertaking to commit to channel proceeds through KCB.
        • Above Kes5m legal charge on land is applicable
        • Audited account for amount above Kes5m.
        • Crop insurance from CIC Life assurance for farm developments.
        • Direct payments to supplies for inputs like fertilizer, pesticides where applicable.
        • Credit life insurance to apply for all loans borrowed by individual farmers.

        *A bank representative may call you at any time to obtain further information in line with our KYC process. At no point shall you be asked for your PIN or passwords.  Remember, PIN yako siri yako.

        Loan Rates & Fees*

        • Interest rate – (CBR+ 4% p.a)
        • Negotiation fees – 3%

        *Charges are not inclusive of tax

      • Mavuno Tea Loan

        Targeted at tea farmers and factories/tea farmers to cater for farm inputs, working capital and personal needs of the farmer.

        Benefits

        • 80% of value of Tea delivered
        • Loan amounts between Kes 5000 and Kes3,000,000 unsecured
        • Loans above Kes.3m to be fully secured
        • Payment terms – once off against the annual bonus payment
        • Products will be available to both individuals and farmers’ organizations trading mainly with KTDA. Brooke Bond Ltd, George Williamson Tea and Kaisugu Tea

         

        What we need from you*

        • Banking relationship with KCB for at least 3 months
        • Tea factory membership registration details

        *A bank representative may call you at any time to obtain further information in line with our KYC process. At no point shall you be asked for your PIN or passwords.  Remember, PIN yako siri yako.

        Loan Rates & Fees*

        • Calculation base price (Price per Kg) – Average price for the last 3 years for the factory
        • Interest rate – (CBR + 4% p.a)
        • Negotiation fees – 3%

        *Charges are not inclusive of tax

Interested in Crop Loans or have a question?