Summary
"This credit is to finance activities in the area of agriculture and agro-business with a temporary nature"
Loan Amount
Maximum credit $2,000.00 for coffee and $1,000.00 for other products.Loan Term
Less than 1 year - Maximum 9 months and based on the season crop.Interest Rate6% per annual for small investment. 12% per annual for working capital (flat rate).
Payment Plan
Monthly interest payment and principal payment on the loan maturity.Benefit
Short-term loan, the principal payment is based on the loan maturity and increase the working capital of agriculture activities.
Personal Criteria
- Demonstrate good personal character, honesty and responsability.
- Must run own farm(rice field, coffee plantation and others).
- Must have income or an valuable asset(salary, land certificate or vehicle registration certificate) as guarantee.
- Willing to accept the responsability.
Terms and Conditions
- Loan Amount
- Maximum $2,000.00 for coffee product and $1,000.00 for other agriculture product.
- Loan Term
- Maximum 9 months (based on seasonal crop).
- Interest Rate
- 6% per annual for small investment. 12% per annual for working capital (flat rate).
- Penalty
- 12% per annual for late payment penalty (1% each month of loan amount).
- Guarantee
- Any valuable asset or sufficient income.
- Payment Plan
- Monthly interest payment and principal payment on loan maturity.
- Other cost
- Administration fee and other costs tat are applicable under BNCTL regulations.
Documents Requirement
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Loan request or proposalInclude loan amount and financial activities plan.
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Photo1 copy of color passport size photo (3x4)
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Personal IdentificationElectoral copy for the applicant and spause (for married person)
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Loan application formFill-up and complete the loan application form that is prepared by BNCTL staff
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List of agriculture or agri-business groupsList of agriculture or agri-business groups which is acknowledged by chief of group.
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Financial Cost PlanList of financial cost to perform the agriculture activities (Financial Plan).
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Asset and Cash Flow ReportList of asset and cash flow.
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Guaranteed LoanProvide guarantee such as income salary, land owner certificate or vehicle registration certificate.
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On the Spot ReportObservation report regarding to the farm (field and address) that is prepared by BNCTL staff
Brochure of Credit Click Here.