BOA - BOA

Developed to finance large agricultural production and agro allied activities.

Loan volume ranging from above 50 million to a maximum of 1 billion for a single obligor.
Accessed by corporate bodies only.
Accessed by corporate bodies only.
Disbursement both cash and kind.
Disbursement both cash and kind.
Staggered disbursement.
Staggered disbursement
Backed up with viable, profitable and bankable business proposal.
Agro-business must be a clause in the Memart of the company for corporate applicants.
Security acceptable to the BOA required
Interest rate 14% for agricultural production and agro-processing while marketing is 20%.
Current tax clearance certificate required
Last 3 years audited statement of account or statement of affairs required.
Consent to mortgage of the landed property being pledged as security for the loan required