Kwamua Advance
This is a short to a medium-term loan for dairy farmers who channel their milk through the FOSA with a longer repayment period
Requirements
- 3 - month milk proceeds
- Maximum amount - Kshs 50,000.00 subject to a Maximum 2/3 of three months' milk proceeds
- Repayment period – 3 months
- Between Kshs 20,001- 50,000 repayable in 6 months
- Interest rate - 14%*
Features
- One month's salary
- The maximum amount shall not exceed 1/31/3 of net salary proceeds
- Repayment period - 1 month
- Interest rate - 10%
- (However, the above opening amounts are subject to change from time to time)
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