AGRI– product is intended to support farmers (cooperative, personal clients) who are clients of COPEDU PLC and increase income-generating activities.
Target Market
The AGRI – product targets cooperative, Agri entrepreneurs with low capital or who lack the capital to strengthen business development. They are often unable to meet the eligibility criteria for ordinary loans due to a lack of sufficient guarantees.
Eligibility criteria
•Be a member of COPEDU PLC
•Have an account with frequent movements
•To be a credible,
•Not be indebted to other MFIs or commercial banks,
•Do not have a negative credit history at COPEDU PLC or in other MFIs or commercial banks,
•Being under the umbrella of a cooperative union
•] Insurance guaranty
Features
•Duration: farming season
•Interest rate: 18%
•Guarantee: The guarantee consists of 10% pledged savings. These pledges are blocked during the loan period.
•Repayment method: season repayment.
