agricultural loan | KYAMUHUNGA PEOPLES SACCO

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agricultural loan

Loan amount: UGX 50,000 to UGX 50,000,000 for individuals

Loan amount: UGX 500,000 to UGX 200,000,000 for institutions.

Interest 2.0 to 2.5% reducing balance depending on the number of share held and the repayment record.

For a member who would want a flat rate of interest accesses the loan at 2% per month BUT purchases 4% of the loan amount as shares and a compulsory saving of 10% of the loan during the agreed loan period.

Repayment frequency: Weekly, Monthly, Termly Quarterly or

Bi-annually.

Collateral security should be three times the approved amount

Grace period: 1 to 6 months.

Loan Period: 1 to 24 months