Summary
"This credit is to finance activities in the area of agriculture and agro-business with a temporary nature"
Loan Amount
Maximum $2,000.00Loan Term
Maximum 12 months / 1 year (based on the season crop)Interest Rate6% per annual (flat-rate)
Payment Plan
Monthly interest payment and principal payment on the loan maturityBenefit
In short-term loan, the principal payment is based on loan maturity and increase the working capital of agriculture activities.
Personal Criteria
- Demonstrate good personal character, honesty, and responsibility.
- Must run own farm(rice field, coffee plantation, and others).
- Must have income or a valuable asset(salary, land certificate, or vehicle registration certificate) as a guarantee.
- Willing to accept the responsibility.
Terms and Conditions
- The loan amount is a maximum of $2,000.00
- Loan Term is a maximum of 12 months / 1 year (based on seasonal crop)
- The interest rate is 6% per annual (flat rate)
- The penalty is 12% per annual for late payment penalty (1% each month of the loan amount)
- Guarantees are movable and immovable property
- Payment Plan is monthly interest payment and principal payment on loan maturity
Documents Requirement
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Loan requests or proposals include loan amount and financial activities plan.
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1 copy of a color passport-size photo (3x4)
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Electoral copy for the applicant and spouse (for married person)
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Fill up and complete the loan application form that is prepared by BNCTL staff
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List of agriculture or agri-business groups that are acknowledged by the chief of the group.
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List of financial costs to perform the agriculture activities (Financial Plan).
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List of assets and cash flow.
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A guaranteed Loan is a movable and immovable property
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Observation on the spot report regarding the farm (field and address) that is prepared by BNCTL staff
Brochure of Credit Click Here.