Tegemeo Loan

To address the short term financial needs of farmers supplying accredited buyers and Aggregators and also to Aggregators through advances based on their deliveries

Features
  • Up to 80% of the net value of deliveries but not exceeding Kshs 10M
  • Interest charged at 1.5% pm.
  • Application fees- as per Bank’s tariff
  • Appraisal fees of 1% of amount requested, minimum Kshs 1000
  • Maximum tenor of 90 days
  • No additional security apart from the delivered stock
  • Buyer/Aggregator to be approved/accredited by the Bank prior to facility processing.
  • Application be accompanied by delivery notes or confirmation from the buyer
  • Instructions by the borrower to the buyer to channel his proceeds to his account with the Bank and a replying confirmation and advice from the Company on the net pay expected for the month by the borrower.

The current accredited buyers include:
New KCC, Brookside Dairies, Githunguri Dairies, Meru Central Dairies, Homegrown, Sasini, Unga group, Incas, EABL, BAT, NCPB, Spectre International, Kenya Seed Company , Milly processors, KCCE, KTDA, Mastermind Tobacco ltd, Dairy processors, Major flour millers, Fresh produce exporters, meat processors and tea companies.