- March 8, 2018
- Posted by: admin
- Category: Loans
Coffee Advance is designed to cover cases of contingencies such as accidents, sicknesses, court cases, funeral expenses, maintenance of coffee bushes and other cash crops.
- Specifically for coffee farmers who are members
- The repayment period is maximum 12 months
- Appraisal is based in production (cumulative Kgs coffee.)
- Rate per kg shall be determined from time to time
- Proceeds MUST be processed through the society
- Applicants to be guaranteed by the executive B.O.D of the respective society
- Completed Advance Application form
- Copy of National ID of the applicant.
- Original Latest Pay slip.
- Recommendation from the F.C.S.
- Monthly proceeds MUST be processed through the SACCO