Fixed Deposit
LCDC provides loans to Small and Medium Enterprises (SMEs) engaged in agricultural activities. These loans are designed to support the growth and development of SMEs in the agricultural sector, enabling them to expand their operations, invest in new technologies, and improve their productivity.
The loan products offered to SMEs in agriculture include working capital loans, equipment financing, and project financing. These loans are tailored to meet the specific needs of SMEs, with flexible repayment terms and competitive interest rates.
Who is target customer?
- vegetable and fruit producing
- animal raising (chicken, duck, pig, cow, etc.,
- aquaculture (fish farming, frog, eel, lobsters, etc.,)
- agro-industry processing and food.
Loan size and term
- Loan size: Up to $100,000
- Loan term: 1 to 5 years
- Interest rate: Competitive rates based on market conditions
- Flexible repayment options available
Interest rate
- Working capital loan: 5% per year
- Equipment financing: 6% per year
- Project financing: 7% per year
Requirements
- Have existing business
- Have collateral
- Have payment capability
- Be target customers as mentioned above
Who is target customer?
- Small and Medium Enterprises (SMEs) in the agricultural sector
- Farmers and agribusinesses looking to expand operations
- Businesses involved in food processing and distribution
How to Apply
Please contact Agricultural and Rural Development Bank nearby or via phone (098 304 057 / 023 220 810 | 811).