AGRI BASED LOANS AND ADVANCES

These are advances given to members whose proceeds from farming, that is; cash crops (tea, coffee, etc.) or animal produce (dairy etc.) are channeled through Tai Sacco.

Requirements

  • You need to be a Sacco member
  • Confirmed proof that proceeds are channeled through the Sacco.
  • Your proceeds pay slip for the latest month(s) where applicable.
  • A duly completed loans application form.

The Agri Based Advance / Loans include:

a. One Month Advance

Features

  • Available to all tea farmers
  • It depends on previous produce of one month
  • Enable customers increase tea output
  • Affordable loan interest
  • Repayment period 1 month.

b. Mid-term Advance

Features

  • Available to all tea farmers
  • Advance based on six months production
  • Cumulative weight for 6 months is required
  • Repayment with mini bonus
  • Flexible rate in interest

c. Special Advance

Features

  • Available to all tea farmers
  • Advance with a repayment period of 12 months
  • Cumulative weight for the financial year i.e. September / June pay slips

d. Emergency Loan (1yr)

  • Available to all tea farmers for any eventuality
  • Repayment period is one year
  • Interest on reducing balance
  • Sacco loan based on deposits and cumulative weight for the year
  • Loan fully insured.

e. School Fees Loan

  • Available to all tea farmers for education at all levels
  • Repayment periods is two years
  • Interest on reducing balance
  • Sacco Loan based on deposits and cumulative weight for the year
  • Loan fully insured.

f. Development Loans (3yrs)

  • Available to all tea farmers for development
  • Repayment period is 3 years
  • Development loan depends on deposits and cumulative weight for the year.
  • Loan fully insured.

g. Kahawa Advance