This is a loan that is specifically made to help individuals, suppliers, or companies that are in Agricultural business and do not have enough money to their business needs. Nyasa Capital Finance requires an approved LPO in order to fund orders.
An agreement is entered between Nyasa Capital Finance and individuals, suppliers, or companies and the buyer. When the payment is made from the buyer according to payment terms, the individuals, suppliers, or companies settles the full agreed value to Nyasa Capital Finance. Repayments are managed by individuals, suppliers, or companies.
LOAN REQUIREMENTS
- National IDs (including witnesses)
- Local purchase order (LPO) or contract
- Bank Statements (last 3 months)
- Financial Statements
- Board Resolutions (if applicable)
- Utility Bills
- Original copies of the Collateral
- Blue book for Motor Vehicle not more than 10 years
- Title deeds for Land or House
- Valuation report of collateral
- Security documents
- Business Registration Certificate
- Assignment of Proceeds.
- Financial interest clause (on comprehensive insurance)
- Company profile
Agribusiness Loans range from K1,000,000 to a maximum of K50,000,000