The Light Microfinance Bank offers credit to fund both small- and medium-scale agricultural endeavors. This loan is available to traders, craftsmen, growers of field and horticultural crops, fishers, agro-processors, farmers of livestock, marketers of agricultural products, growers of tree crops individually, cooperative groups, self-help organizations, etc.

Agricultural loans provide the capacity to purchase a new farm or expand current operations. The loan is secured by a first mortgage on the property being purchased. The loan may be used for the purchase of land, livestock, equipment, and other necessary expenses.

Kindly note that all applications undergo an on-site assessment by one of our lending staff prior to a committee decision.

Agricultural loan

Rates

Equity contribution of 10% of the principal
Processing fee of 1% of the principal paid upfront
Interest rate of 3.0% monthly of the principal
NAIC cover/Monitoring fee of 19.8% of interest
Compulsory savings of 2.5% of principal

Downloadable files

Supporting documentation

Photocopy of Guarantor ID card
Collateral document
Undated cheques from guarantor
Joint group liability
Statement of guarantor net-worth

Loan Products

Rent Loan
Can't afford to pay rent at the moment? Seen an apartment you love but can’t meet up with the payment?
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Asset/Property Loans
Light Microfinance Asset/property loan scheme is a finance option specially designed to cater to the needs of businesses and individuals.
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Agricultural Loan
Agricultural loan is geared toward helping farmers make the leap into the world of farming, or taking their existing farm to the next level.
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Analyze the potential of your business and look for opportunities for greater success.

Within 24 hours of your application, we will match you with a loan program that will help you with your financial needs.

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