This is a short to medium-term loan meant to assist our coffee farmers in coffee picking and buying farm chemicals
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Requirements
Coffee proceeds channeled through the Sacco
Maximum amount - half of the expected net income
Repayment period –Next coffee payment (Maximum 6 months)
Interest rate - 10%
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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