What are Agro Loans?
Who can apply for an Agro Loan?
Do I have to be a customer of ProCredit before I apply for an Agro Loan?
What amount of Agro Loan can I apply for?
Will I pay interest on my Agro Loan?
When do I have to pay back my loan?
Agro Loans are business loans for agricultural producers (farmers) and processors.
The following individuals are eligible for Agro Loans:
- Farmers with three production cycles and
- Agri-business owners who have been in operation for at least 6 months. Businesses may or may not be registered.
No, you need not have an account with us before you can apply for an Agro Loan.
Our Agro Loans range from GH¢10,000 to GH¢60,000
Yes, interest is charged on all loans. Interest is calculated on the outstanding principal balance, and rates range from 3.5% to 5.8%, depending on the loan amount. Apart from an administrative fee, there are no other charges.
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.