Kenya - Apply for Agriculture Loan

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Procedure

Apply In-Person:

1. To apply for an Agriculture Loan, the applicant must visit the nearest Agricultural Finance Corporation office to make then application.
2. The address and contact details of the Agricultural Finance Corporation can be found through the following Link.
3. The contacts details can also be found in the ’Office Locations & Contacts‘ of this page.
4. Upon visiting the Agricultural Finance Corporation office and the applicant should request a loan application form from the offices present.
5. The applicant should complete the application form with appropriate information under relevant sections. Attest the form with your signature once completed.
6. Submit the completed application form to the Agricultural Finance Corporation officer and the required documents. A list of the required documents can be found in the “Required Documents” section of this page.
7. The Agricultural Finance Corporation officers will then verify the documents submitted and schedule a farm visit to come to access the farm.
8. On the scheduled date (Usually after 2days), The Agricultural Finance Corporation officers will come and access the farm to confirm the farms’

   • Location and land size
   • Valuation of the project /security farms/business premises
   • Assets and liabilities (infrastructures, machinery, animal and farming activities
     

9. Upon assessment, the officers will give the applicant loan application feedback within 48 hours of the assessment and the applicant will be asked to present him/herself to execute the loan agreement and pay the application and processing fees.

   • The fees to be paid are mentioned in the “Fees ” section of this page.

10. If the assessment is successful, the loan will be processed, approved, and disbursed within 5 working days from execution of the loan agreement.
11. If the assessment is unsuccessful the applicant has a period of 7 days to appeal to the Agricultural Finance Corporation.
    

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Required Documents

Know Your Customer (KYC)

• Application letter for the intended project
• Detailed Business plan showing the financial plans for projected income and profit/loss expected and a clear marketing plan showing projected demand and secured contract (where applicable)
• A copy of the National Identification card and Kenya Revenue Authority (KRA) PIN Certificate
• Two (2) colored passport photos
  

Financial/Assets

• Certified bank statements for the last twelve (12) months
• Loan statement where applicable
• Provide proof of other incomes earned (e.g. rent, salaries, businesses, vehicles and pension among others)
• Proof of the ownership of all declared assets
  

Securities

• Title deed(s) offered as security for the proposed loan
• A sketch map showing the location of the security land offered as security for the proposed loan
• Obtain a certificate of official search from the Lands office for the security title (At least three (3) months old)
• Valuation report: Carry out the valuation of the property to be availed for the security farm(s)
• Real estate i.e. residential and commercial properties
• Cash and bank guarantees
• Charge on lease
  

Farm visit verification

• Confirmation of project farm, location and land size
• Conduct valuation of the project /security farms/business premises
• Confirmation of the assets and liabilities (infrastructures, machinery, animal and farming activities
  

Office Locations & Contacts

Agricultural Finance Corporation,
Development House,
Moi Avenue Nairobi.
Tel: +254 788 524 998
Tel: +254 704 153 773
Email: customerservice@ agrifinance.org br> Email: [email protected]
Website Contact Link

Eligibility

• Any Individual who wants to engage in agricultural activities in Kenya.
• The applicant should have tangible security for the loan.
• The applicant should be able to provide 20 % equity contribution toward the project.
  

Fees

Advance loan fees

• Application fee –Ksh.500.00
• Processing fee - Minimum of Ksh.3,000
• Commitment fee – 1.5% of the loan amount
• Conveyance fee which depends on the loan amount
  

Validity

The loan should be repaid within the agreed period of time.

Documents to Use

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Sample Documents

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Processing Time

The processing time is ten working days from the day of application.

Related Videos

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.gIn the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

These are loans designed to benefit individuals who want to engage in agri-business. It is meant to provide start-up capital for those seeking to start, or are engaged in agricultural microenterprises. There exist huge opportunities for the youth in agricultural micro and small-medium enterprises across the value chain. Thus, beneficiaries of this loan facility will engage in wealth creation and for those unemployed, resolve their unemployment challenges.

Required Information

• Particulars of the applicant
• Nationality
• Bank details of the applicant
• Land Title No.
• Loan purpose
• Loan amount
• Repayment period
  

Need for the Document

This loan aids the farmers by financing the purchase of farm inputs such as seeds, fertilizers, and chemicals, paying for the lease of additional agricultural land, buying livestock, meeting their harvesting and marketing costs, and also financing other social development needs.

Information which might help

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Other uses of the Document/Certificate

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e.g. Birth Certificate can be used as proof of identity.

External Links

Ministry of Agriculture and Livestock Development

Others

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