Agro Loans
Find below some of the frequently asked questions.
- What are Agro Loans?
- Who can apply for Agro Loans?
- Do I have to be a customer of ProCredit before I apply for Agro Loans?
- How much can I apply for?
- Will I pay interest on Agro Loans?
- When do I have to pay back my loan?
Agro Loans are business loans for agricultural producers (farmers) and processors.
- Farmers with three production cycles.
- Agribusiness owners who have been operating their businesses for at least 6 months.
- Your Business may be registered or not registered.
No, you need not have an account with us before you can apply for Agro Loans.
Our Agro Loans start from GH¢2,000.
Yes, interest is charged on all loans. The monthly interest rate ranges from 2.75% to 4.50% depending on the loan amount and this is calculated on the outstanding principal balance. Apart from an administrative fee there are no other costs or fees.
Payments are structured to suit individual farm operations. The irregular farming seasons are considered and a grace period of up to 6 months may be given to farmers.
