Loan/Debt

Agricultural Credit Facility – Grain Loan

Posted 6 months ago

Description

The Agricultural Credit Facility scheme shall also provide financing for Working capital and infrastructure for projects engaged in grain trading.

Funding Procedure

The client forwards his/her loan application to any PFI of his/her choice. The PFI will then advise him/her on the terms under the ACF. A detailed bankable project proposal/feasibility report may be required by the PFI (depending on the loan amount applied for).

Fund Structure

The applicable interest rate for loans advanced to finance grain trading under the scheme shall be a maximum of 15% per annum. The applicable interest rate for loans advanced to finance capital expenditure under the scheme shall be a maximum of 12% per annum.

Target Impact

The main objective of the ACF is to promote commercialization of Agriculture through provision of medium and long term financing to projects engaged in agriculture, agro processing, modernization and mechanization.

Contacts

ACF@bou.or.ug