Agric-revised

Unity Farmers Cooperative Leasing Scheme

Features

  • Targeted at farmers’ cooperative societies/ farmers groups to meet their financial needs
  • Product scope coverage include Farm machinery and power such as Irrigation pumps, sprayers, implements etc.
  • Maintenance of 30% in savings account to serve as collateral support
  • Counter guarantee of members of the Cooperative Societies (Joint and several liability of members).
  • Cooperatives must be at least 6 months old of being registered with Registrar of Cooperatives.
  • Lien or bills of purchase on the equipment being financed.
  • 75% CBN Guarantee on net amount in default.
  • NAIC Insurance cover on the approved amount.
  • Eligible only on current account.

Benefits

  • Customer can benefit up to three times the amount saved as cash collateral.
  • Facility tenor ranges between 12 and 24 months.
  • Free Professional advice from Agribusiness for both internal and external customers.# CBN guarantee with 40% interest rebate under the interest drawback scheme

You can easily link your BVN to your account

 click-here

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