Current Mechanized agriculture include the use of tractors, trucks, combine harvesters and countless types of farm implements.
TARGET NUMBER OF MSMEs PER PROVINCE – It is envisaged that through this product 100 Agricultural MSMEs and Cooperatives with viable and established businesses per province will be empowered.
MAXIMUM LOAN AMOUNT – The Maximum loan amount shall be K2,000.000.00.
LOAN INTEREST AND TENOR
The loan will attract Twelve (12%) percent interest and maximum loan tenure which shall be Sixty (60) months. Six (6) months grace period shall be given to all loan beneficiaries to set-up and operationalize the project.
COLLATERAL REQUIREMENT Must be able to provide sufficient collateral to cover the loan. The Commission will accept movable and immovable assets as collateral. This will include; machinery, company stock, motor vehicles, landed properties, and account receivable.
Established and operating in the Agriculture sector i.e. Crop Production, Livestock, Aquaculture etc.
(MSMEs and Cooperatives) with a viable business project.
Beneficiary must be a Zambian Citizen with a Green National Registration Card
For Business Names and Limited Companies, one must be a registered company with a PACRA
certificate of incorporation
For Cooperatives, one must be registered with Registrar of Cooperatives.
Must provide sufficient collateral to secure the loan being applied for.
Must have a ZRA Tax Payer Identification Number (TPIN)
Only Online application form will be accepted. CLICK HERE TO DOWNLOAD FORM. The deadline is 23rd September 2022.