Agricultural Loan
Agricultural financing is designed to help farmers achieve better results through the provision of agricultural loans. Loan size is between ₦30,000- ₦1,000,000
Features
- Facility range: N50,000 (minimum) to N500,000 (maximum)
- Methodology: Individual, group and corporate
- Duration: 1-12 months
- Grace period: 30-60 days
- Prospective clients must be practicing farmers with verifiable evidence of existing farm investments.
Benefits
- No collateral
- Provides capital for farming activities
- Flexible repayment structure
- Low interest rate
- Expert financial advice available
Documentation
- Duly completed application form
- 2 guarantors
- 2 recent passport-size photographs
- Current utility bill
- A valid means of ID (national ID, driver's license, voter's card or international passport)
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Premium customer support
Enjoy the personalized service you need at LAPO Microfinance Bank, including long-term business financial planning and extended-hours access to our specialized business service team.
- One combined monthly statement for all of your business accounts
- Extended-hours access to our specialized business service team