Agriculture Loans from equity bank

Commercial Agriculture Loan

This is a medium term loan to medium and large scale farmers to assist in purchase of farm machinery, equipment and any other farming and social-development needs. The loan also takes care of financing expansion.

 

Benefits/Features	Eligibility	Pricing
Minimum loan amount of Tshs. 2, 000,000 and maximum depends on ability to repay	Should be an account holder with Equity Bank for at least 3 months	Interest rates of 18% flat
Flexible security requirements  e.g. chattels, log books, shares or cash cover, debentures, title deeds, residential license, etc	Registered  business	LACE 2%
Maximum repayment period of 36 months	Permanent business locations
Repayments negotiated to match the seasonality of proceeds.	Acceptable securities
Credit Insurance

 Kilimo Kisasa

This is a loan product specially designed to cater for purchase of modern agricultural tools and equipment such as irrigation equipment, green house tunnels, spraying equipment, milking machines, etc.

 

Benefits/Features	Eligibility	Pricing
Minimum loan amount of Tshs. 500,000 and maximum depends on ability to repay	Should be an account holder with Equity Bank for at least 3 months	Interest rates of 18% flat
Flexible security requirements e.g. chattels, log books, shares or cash cover, debentures, title deeds, guarantors, residential license, etc	Registered  business	LACE 2%
Maximum repayment period of 2 years	Permanent business locations
Repayments negotiated to match the seasonality of proceeds	Acceptable securities
Credit Insurance	Reliable cash flows

  Uvuvi Biashara loan

           Uvuvi biashara loans are granted to fish farmers and those in the fishing business to enable them to purchase fishing equipment, boats, cooling equipment, construction of fish ponds, etc.
      

Benefits	Eligibility	Pricing
Minimum loan amount of Tshs. 100,000 and maximum of Tshs. 50,000,000	Should be an account holder with Equity Bank for at least 3 months	Interest rates of 18% flat
Flexible security requirements e.g. chattels, log books, shares, or cash cover, debentures, title deeds, guarantors, etc	Registered  business	LACE 2%
Maximum repayment period of 3 years	Permanent business locations
Repayments negotiated to match the seasonality of proceeds.	Acceptable securities
Credit Insurance	Reliable cash flows

Mifugo Biashara Loan

Mifugo Biashara Loan caters to the pastoralist community and provides loans for traders who purchase livestock from the pastoralists' production groups.

 

Benefits/Features	Eligibility	Pricing
Minimum loan amount of Tshs. 100,000 and maximum of Tshs. 10,000,000	Should be an account holder with Equity Bank for at least 3months	Interest rates of 18% flat
Flexible security requirements e.g. chattels, log books, shares or cash cover, debentures, title deeds, guarantors, residential license , etc	Registered  business	LACE 2%
Maximum repayment period of 1 year	Permanent business locations
Repayments negotiated to match the seasonality of proceeds	Acceptable securities
Credit Insurance	Reliable cash flows

Nelson Mandela health: 'slow but steady improvement'

in a statement from Mr Zuma's office, the president said Mr Mandela, affectionately known in the country as "Madiba", was making a "slow but steady improvement." The 95-year-old anti-apartheid leader, who recently spent his birthday in the Pretoria hospital, is still in a critical condition, President Zuma added. He also thanked South Africans for praying for the former president.

'More alert'

On Friday, Mandela's youngest daughter told state broadcaster SABC that her father's health was improving daily, and that he was able to sit up for minutes at a time.
"Tata now manages to sit up, like now he is able to sit up in a chair for a few minutes in a day. Every day you know, he is becoming more alert, more responsive and so on," she said.

Return home?

So far, the South African government has released few details on Mandela's illness, citing privacy issues. Legal documents filed by the family of the anti-apartheid leader have said he was on life support.
Mixed messages have emerged from his family, with some suggesting that the leader could return to his home in Johannesburg soon.
Mr Mandela is spending his 65th day in hospital after being admitted in June for the recurrence of a lung infection.