Target Market
Cooperatives, Associations, Enterprises and Limited Liability Companies engaged in the value chain of food and agro commodity processing: aggregators, processors, packaging businesses, distribution/retailing and infrastructure
Purpose
Acquisition of items of equipment and working capital finance
Fund Size
₦15 billion
Single Obligor Limit
Both Term Loan & Working Capital should not exceed the upper limits of the following categories:
- Cooperatives/Enterprises – ₦10 million maximum
Limited Liability Company – ₦200 million maximum
Pricing
9% p.a. interest Rate; 1% Processing Fee
Tenor
Term Loan: 3 – 5 years; Working Capital: Up to 36 months including moratorium period
Moratorium
Up to 12 months (from date of loan disbursement)