Agri-Business Loans

Short to medium term product designed to provide finance for purchase of agricultural equipment and machinery.

Identifiable by means of serial numbers, engine numbers, make, model, etc
Purchased from a reputable dealer
Moveable and be able to be repossessed
The asset must be unencumbered (that is, free and clear of any other claims / prior liens)
Borrower Contribution: Depends on the age of the equipment as follows: 1 – 5 yrs 10 – 25% 5 – 8 yrs 25 – 40% 8+ yrs 40% and above
Minimum loan amount: UGX 5,000,000 (Uganda Shillings Five million) Disbursement: funds released to equipment vendor upon presentation of verifiable vendor. Payment period: depending on age of machine as follows: 1 – 5 yrs (48 months repayment period)