Adapting to the agricultural needs of society members, these short-term loans meet the demand for urgent working capital that would aid in improving the growing of crops and raising of livestock, along with the overall operational productivity of small to medium-scale plantations / farms.
FEATURES AND BENEFITS
- Repayment period of 1 year at prevailing interest rates, with a maximum 6-month grace period
- Repayment can be made monthly, or as a bullet repayment
- Loan amount depends on the capacity of the society, and can go up to Rs. 20 million with no collateral
Eligibility
- SANASA Societies, Multi-Purpose Cooperative Societies, other cooperatives and registered societies may apply for this loan
- Suitable collateral will be required to mitigate risk on a case by case basis
- The loan funds should match the total volume of the Corporate Top Saver Portfolio
Required Documentation
- A duly filled loan application
- Society Mandate
- Society Registration Certificate
- Copy of the Memorandum and Articles of the Society
- Certified copy of the resolution of the Board of Directors
- Society Declaration Form
- Signature Card
- No. 12. Edmonton Road
Kirulapone
Colombo 06
Sri Lanka. - 011 5411 411
