Unity Bank sets to improve food security, tripartite meeting to funds tractors for Wheat Farmers

Left – Right: Managing Director, Agric Equipment Div, John Deere/Tata, Mr. Chijioke Okoli, Executive Director, Corporate Planning & Compliance, Unity Bank Plc, Mr. Usman Abdulqadir, President, Wheat Farmers Association of Nigeria, Alhaji Salim Saleh, Managing Director/CEO, Unity Bank Plc, Mrs. Tomi Somefun and Zonal Head, Northwest, Shehu Sani during a tripartite meeting to forge strategic partnership for funding of Tractors for Wheat Farmers at the Unity Bank’s Corporate Head Office, Lagos …Yesterday.

Unity Industrial Input Farmers Scheme

Features

  • Targeted at Commercial farmers on large scale production or marketing commodities/animal bye-products to serve as raw materials for industries.
  • To maintain a adequate collateral maximum of 20% cash collateral required
  • Payment of annual credit risk guarantee fees & domiciliation of sales proceeds to the bank.
  • Forward contract may be required.

 

Benefits

  • Facility limit depends on capacity of customer.
  • Maximum of 12 months tenor (renewable thereafter)
  • Professional advice and support.
  • Flexible repayment method.

 

Unity Farmers Co-operative Leasing Scheme

Features
  • Targeted at farmers’ cooperative societies/ farmers groups to meet their financing needs
  • Product covers Farm machineries acquisition (Irrigation equipment, sprayers, pumps, tractors, implements etc.)
  • Maintenance of 20% in savings account to serve as collateral support
  • Counter guarantee of members of the Cooperative Societies (Joint and several liability of members).
  • Cooperatives must be at least 6 months of being registered with Registrar of Cooperatives.
  • Lien or bills of purchase on the equipment being financed.
  • Up to 60% CBN/NIRSAL Credit Risk Guarantee on net amount in default.
  • NAIC Insurance cover on the approved amount.
  • Eligible only on current account.
Benefits
  • Customer can benefit up to five times the amount saved as cash collateral.
  • Facility tenor ranges between 12 and 24 months.
  • Professional advice to customers.
  • CBN guarantee upon payment of 3% annual Risk Guarantee fee attract up to 60% Guarantee and 35% interest rebate for good performance
Features
  • Targeted at farmers’ cooperative societies/ farmers groups to meet their financial needs in agribusiness.
  • Product covers production, processing and marketing of Agricultural commodities (crops, fisheries, livestock etc.)
  • Maintenance of 20% in savings account to serve as collateral support.
  • Counter guarantee of members of the Cooperative Societies (Joint and several liability of members)
  • Cooperatives must be at least 6 months old with Registrar of Cooperatives.
  • Enjoy CBN Credit Risk Guarantee
  • NAIC Insurance cover on the approved amount.
  • Eligible only on current account.
Benefits
  • Customer can benefit up to five times the amount saved as cash collateral.
  • Facility tenor ranges between 12 and 24 months.
  • Customers enjoys Professional advice.
  • CBN guarantee of up to 75% upon payment of 3% Credit Risk Guarantee with up to 50% interest rebate as reward to good performance

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