Poultry production loans are working capital loans that are provided to smallholder poultry farmers and larger-scale farmers who are involved in productive activities along the poultry commodity value chain. This covers various activities within the different poultry subsectors, which for purposes of this manual shall include egg production (layers) and meat production (broilers).
Understanding all details around this product will help you decide if this is the right product for you.
Prime linked and risk based.
The purpose of the poultry production loan is to provide finance to poultry producers to enable them to meet the expenses related to raising poultry birds in order to attain the desired levels of performance. Such activities include purchase of chicks, poultry house construction, purchase of feeds, veterinary expenses and labor.
Financing for start ups allowed but subject to experience and eligibility. More focus should be those already in business of raising poultry. However, expansion on on-going business will be considered.
Based on certainty of repayment source. Positive free cash flow and DSCR.
Agricultural loan officer Farm Visit report .Minimum of one years’ experience in poultry production. Collateral required. Account with LPB. 3 months’ bank statement. Proof of ID/Passport. Map to the client’s residential place: rented and owned .
Maturity of poultry loan shall depend on applicant request but should not exceed 12 months. Working capital loan granted to broiler production shall not exceed 6 months. Working capital loan granted to egg rearing production shall mature in 12 months. Minimum loan amount M1k while max is M3 million. Prime-linked. Payment mode dependent on cash flow. As a general rule poultry instalment must be paid monthly as much as possible. Grace period and other form of irregular payment is allowed where deemed necessary.
As part of the country’s fight against money laundering and financing of terrorism, we are required by law to keep updated personal records of our existing clients. Visit the nearest Lesotho PostBank branch with your valid identity document, proof of residence, and proof of income if have not updated your documents in the last 24 months.
Reach out and reshape your financial future. #TheOnlyBasothoBank
© 2023 - All Rights Reserved
