- Targeted at farmers’ cooperative societies/ farmers groups to meet their financial needs in agribusiness.
- Product covers production, processing and marketing of Agricultural 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.
- Customer can benefit up to five times the amount saved as cash collateral.
- Facility tenor ranges between 12 and 24 months.
- Customers enjoys Professional advice.
- CBN guarantee of up to 75% upon payment of 3% Credit Risk Guarantee with up to 50% interest rebate as reward to good performance