Agricultural Portfolio

Agricultural Input Loan

Target: Smallholder farmers affiliated to Coops, Associations, Individual Commercial Farmers
Facility Purpose:Acquisition of certified seeds, fertilizer, chemicals
Product Features

• Loan Amount: MWK 1,000,000 – MWK 30,000,000
• Maturity: 6 – 8 months
• Interest rate: 3% per month (36% per pa)
• Collateral: Asset registered in the name of CoFi and only transferred when loan is fully repaid.
• Documentation: Application form, Chief letter, Credit assessment form Acknowledgement form, signed collateral pledge form

Drip Irrigation Loan

Target: Semi-Commercial Farmers, Commercial Farmers
Facility Purpose: Acquisition of modern drip irrigation equipment and installation
Product Features

• Loan Amount: MWK 1,000,000 – MWK 5,000,000
• Maturity: 6 – 18 months
• Interest rate: 3% per month (36% per pa)
• Collateral: Asset registered in the name of CoFi and only transferred when loan is fully repaid.
• Documentation: Application form, Chief letter, Credit assessment form Acknowledgement form, signed collateral pledge form

Farm Equipment Loan

Target: Cooperatives, Associations, Individual Commercial Farmers
Facility Purpose:Acquisition of Tractors, Farm implements, Greenhouses, Post-harvest machines
Product Features

• Loan Amount: MWK 1,000,000 – MWK 50,000,000
• Maturity: 6 – 24 months
• Interest rate: 3% per month (36% per pa)
• Collateral: Asset registered in the name of CoFi and only transferred when loan is fully repaid.
• Documentation: Application form, Chief letter, Credit assessment form Acknowledgement form, signed collateral pledge form

Drip Irrigation Loan

Target: Semi-Commercial Farmers, Commercial Farmers
Facility Purpose: Acquisition of modern drip irrigation equipment and installation
Product Features

• Loan Amount: MWK 1,000,000 – MWK 5,000,000
• Maturity: 6 – 18 months
• Interest rate: 3% per month (36% per pa)
• Collateral: Asset registered in the name of CoFi and only transferred when loan is fully repaid.
• Documentation: Application form, Chief letter, Credit assessment form Acknowledgement form, signed collateral pledge form