Agric-revised

Agric Products

Unity Farmers Cooperatives Finance Scheme

Features

  • Targeted at farmers’ cooperative societies/ farmers groups to meet their financial needs in agribusiness.
  • Product covers production, processing and marketing of Agric commodities (crops, fisheries, livestock etc.)
  • Maintenance of 20% in savings account to serve as collateral support.
  • Counter guarantee of members of the Cooperative Societies (Joint and several liability of members)
  • Cooperatives must be at least 6 months old with Registrar of Cooperatives.
  • Enjoy CBN Credit Risk Guarantee
  • NAIC Insurance cover on the approved amount.
  • Eligible only on current account.

Benefits

  • Customer can benefit up to five times the amount saved as cash collateral.
  • Facility tenor ranges between 12 and 24 months.
  • Customers enjoys Professional.
  • CBN guarantee of up to 75% upon payment of 3% Credit Risk Guarantee with up to 50% interest rebate as reward to good performance

Unity Farmers Cooperatives Leasing Scheme

Features

  • Targeted at farmers’ cooperative societies/ farmers groups to meet their financing needs
  • Product covers Farm machineries acquisition (Irrigation equipments, sprayers, pumps, tractors, implements etc.)
  • Maintenance of 20% in savings account to serve as collateral support
  • Counter guarantee of members of the Cooperative Societies (Joint and several liability of members).
  • Cooperatives must be at least 6 months of being registered with Registrar of Cooperatives.
  • Lien or bills of purchase on the equipment being financed.
  • Up to 60% CBN/NIRSAL Credit Risk Guarantee on net amount in default.
  • NAIC Insurance cover on the approved amount.
  • Eligible only on current account.

Benefits

  • Customer can benefit up to five times the amount saved as cash collateral.
  • Facility tenor ranges between 12 and 24 months.
  • Professional advice to customers.
  • CBN guarantee upon payment of 3% annual Risk Guarantee fee attract up to 60% Guarantee and 35% interest rebate for good performance

Unity Industrial Input Farmers Scheme

Features

  • Targeted at Commercial farmers on large scale production or marketing commodities/animal bye-products to serve as raw materials for industries.
  • To maintain a adequate collateral maximum of 20% cash collateral required
  • Payment of annual credit risk guarantee fees & domiciliation of sales proceeds to the bank.
  • Forward contract may be required.

Benefits

  • Facility limit depends on capacity of customer.
  • Maximum of 12 months tenor (renewable thereafter)
  • Enjoys Professional advice from Agribusiness.
  • Flexible repayment method.

General Agro-Allied Finance Scheme

Features

  • Targeted at all categories agribusinesses ranging from in-put production and marketing (fertilizer, seeds, seedlings, storage, farm machineries and equipments, Feed Mills, abbatoirs, ginneries, diaries, fruit juices processing plants, rice mills etc.

Benefits

  • Facility limit determined by customers capacity
  • Tenor depends on business analysis of the project to be financed
  • Professional support from Agribusiness.
  • Flexible repayment periods

Central Bank of Nigeria/ Commercial Agriculture Credit Support (CACS)

Features

  • Targeted at Corporate (medium & large scale commercial Agribusinesses) and State Governments (For on-lending to Farmers Cooperative Societies/self help Groups)
  • Covers the entire Agricultural value chain (input manufacture and supplies, primary Production, Processing, storage & Marketing) in crops, animal husbandry and fisheries.
  • Single digit interest rate of 9% all inclusive.
  • Single obligor limit of up to N2 Billion with up to seven years tenor.
  • Obligor limit of up to N1 Billion for state governments and FCT for on lend to cooperatives with maximum tenor of two years.

Benefits

  • Very low interest rate of 9% per annum
  • Relatively longer period of loan repayment.
  • Enjoys Professional support from Agribusiness.
  • Support new projects and start ups.

Agricultural Trust Fund Model

Features

  • Designed to partner with Federal, State/Local Governments, Non-Governmental organizations and private Companies (Blue Chips) in making credits available to small/ medium scale farmers and cooperative societies that lack adequate collateral for agricultural loan facilities.
  • Enjoys up to 75% CBN Credit Risk Guarantee.
  • NAIC Insurance cover on the facility amount.
  • Employer or partnering body to contribute at least 50% of loan able funds.
  • Farmers may be required to contribute 10% of the facility limit

Benefits

  • Farmers/Farmer group to access Agric facilities up to 5 times the collateral balance.
  • Enjoys Professional advice from Agribusiness.
  • Flexible repayment periods.

Agricultural Credit Guarantee Scheme (ACGSF)

Features

  • CBN program since 1978, the Scheme is targeted at all categories of farmers (individuals small and medium, cooperative societies/groups, companies/ enterprises into any agricultural activity along the Agricultural value chain.
  • 75% CBN guarantee and NAIC insurance cover.
  • Single Obligor limit of up to N50million to companies /Cooperatives and N1million to individuals.
  • Varying tenor of the facility depending on the nature of the project.
  • Security – mortgages, guarantees, lien, debentures etc

Benefits

  • Easy to access
  • Beneficiaries with good repayment as scheduled benefit from Interest rebate from CBN of up to 40% (currently)

GESS (Growth Enhancement Support Scheme)

Features

  • A Federal Government Initiative
  • Targeted at Secondary and Primary Agro dealers and key value chain actors in the fertilizer seeds and seedlings business.
  • Interest rate at 15.5% p/a • Agro dealer to provide 10% equity contribution • 1.5% Bank charges, 0.5% insurance premium & 1% CBN/NIRSAL Credit Risk Guarantee fee.

Benefits

  • Initial cap of N400 million facility limit.
  • Tenor is a maximum of six (6) months.
  • Professional support from Agribusiness.
  • Buy back of unsold fertilizer/seeds & seedlings by the Federal Government.

NIRSAL (The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending)

Features

  • A CBN/Federal Government Initiative which aim at de-risking agribusiness lending by the Bank through Credit Risk Guarantees and interest rate support to Unity Bank customers under the scheme.
  • NIRSAL offers Credit Risk Guarantee of between 40-75%
  • Covers all agricultural businesses activities from primary production, input supplies, processing, logistic supplies,import of machineries and local fabrication, export of Agricultural commodities, for medium to large scale agribusinesses. (crops, Animal husbandry, apiaries, fisheries etc)

Benefits

  • A CBN/Federal Government Initiative which aim at de-risking agribusiness lending by the Bank through Credit Risk Guarantees and interest rate support to Unity Bank customers under the scheme.
  • NIRSAL offers Credit Risk Guarantee of between 40-75%
  • Covers all agricultural businesses activities from primary production, input supplies, processing, logistic supplies,import of machineries and local fabrication, export of Agricultural commodities, for medium to large scale agribusinesses. (crops, Animal husbandry, apiaries, fisheries etc)

 

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