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