Cultivate Success: Explore Tailored Agricultural Financing Solutions for Sustainable Growth and Prosperity
"Our agricultural financing programs are designed to bolster the long-term resilience and profitability of Nigerian farmers engaged in crop and livestock production, processing, and product off-take. Through the New Solitech Cooperative Financing Scheme, farm operation expansions and increased productivity are facilitated without the need for personal collateral. The system operates through a 'triangulation' model, leveraging the collateral and goodwill of off-takers to approve loans for registered farmer groups."
Consequently, loan repayment becomes more manageable during harvest, as farmers receive the remaining balance post deduction of the borrowed capital and interest, significantly reducing the likelihood of defaults.