Coffee Crop Advance Loan
This is a loan which targets coffee farmers.
Terms and conditions
- The applicant must submit a valid coffee produce delivery card.
- The interest rate chargeable shall be 24% of the amount given where the same is not specifically provided for.
- Approval is ksh.15* the kilograms delivered
- The credit facility is recoverable in one instalment.
- Certification from the primary cooperative society of the applicant is mandatory.
- The applicant shall be guaranteed by two or more fellow society members.
Loaning procedure and documentation
- The applicant must be a member of the affiliate society to KFCU
- The applicant must provide a valid coffee produce delivery card
- Applicant to provide a copy of his/her ID card
- Guarantors to provide their ID copies
- The application form must be signed and stamped by the society official.