Emerging farmers:

This is a type of loan that caters to individual farmers who meet the following requirements:

  • Farmers with above 13 acres (5.2Ha’s) to 50 acres (20Ha’s) of farming land under single standing (not scattered)
  • Farmers with at least two prior years good harvest and sales records
  • Farmers with at least one year of banking relationship with clean records

 Loan Eligibility

  • Farms in this category must be within allowable distance and a logistically convenient location from either the milling/processing factory or an off-taker
  • A signed partnership agreement to collaborate with the key partners for supply of agriculture production inputs, agronomic and extension services
  • A signed crop produce supply agreement between the milling/processing factory and farmer/legal entity indicating volume to be purchased and price to be offered
  • Farmers must have land titles or any other type of land ownership authentication from respective land authorities
  • Farmers must have collateral to secure the loan i.e. residential homes, commercial properties, vehicles, trucks, tractors and others suitable collateral
  • Ability to establish the costs of production involved and revenue; which will be generated from the farming activities either by writing or by telling which can be translated to realistic cash flow and income statements
  • Farmers with ambition to grow, increase yields and incomes by adopting Good Agricultural Practices (GAP)
  • Farmers should be willing to open an NMB Business Account

Commercial farmers:

Commercial farmers are referred here to individual farmers or registered legal entities involved in crop production, who meet below requirements;

  • Farmers with above 50 acres (20Ha’s) to a maximum of 1,250 acres (500Ha’s) of farming land under single standing (not scattered)
  • Farmers with good past years harvest and sales records
  • Farmer with at least three years banking relationship

Loan Eligibility

  • Farms for this category must be within allowable distance and a logistically convenient location from either the milling/processing factory or an off-taker
  • Signed partnership agreement to collaborate with the key partners for supply of agriculture production inputs, agronomic and extension services
  • Signed crop produce supply agreement between the milling/processing factory and farmer/legal entity indicating volume to be purchased and price to be offered
  • Land title/Lease agreement (not less than 15 years) from the date of loan application or any other type of land ownership authentication from respective land authorities must be obtained
  • Adequate collateral to secure the loan i.e. residential homes, commercial properties, farms, vehicles, trucks, tractors and others suitable collateral
  • Audited financial statements for the past three years must be provided including future projected income statement, balance sheet and cash flow statement
  • Clean credit history from FIs (no default history)
  • Good agricultural practices (GAP) must being implemented
  • Farmer must be willing to open an NMB Business Account

For further assistance, please locate your nearest NMB branch, email This email address is being protected from spambots. You need JavaScript enabled to view it. or call 0800 002 002

-->