The facility is available for SMEs mainly Cooperatives and Associations who require medium term financing for building/acquisition of Factory building and equipment for agro-processing. Customers enjoy the option of taking ownership of the asset once the final payment has been made or returning the asset to COFI at the end of the agreed period, subject to the conditions of the agreement in the case of leasing.
- Maximum Loan Term – 36 Months
- Maximum Loan Value – According to the Applicant’s capacity to repay from the business proceeds.
- Faster: Loans are processed within 10 working days upon fulfillment of all paperwork.
- Affordable: Interest rates are competitive.
- The business must exhibit strong cash-flow position
- Audited Accounts for the past 3 years
- Physical collateral or Third Party Guarantee
- Cash contribution of up to 30% of total Loan should be made by the Borrower.