Purpose of the Loan

Kafalat Agriculture guaranteed loans may be used to finance many agricultural activities according to the programme:

Kafalat Small Agriculture:

1. Purchase of new machinery, renewal or modernizing existing machinery.
2. Establishment of new livestock/poultry/fish farms or increase of the number of animals in existing farms, or purchase of new equipment for existing farms, small fishing boats...
3. Purchase of beehives and related accessories.
4. Purchase of seeds/plants in proportion of land surface, irrigation and nursery equipment, establishment of greenhouses, reconstruction of terrace, reservoirs, and storage rooms.
5. Working capital.
6. Agricultural post harvest and transformation activities for processing, marketing, conditioning and exporting.

All expenses must be relevant to the business activity subject of the loan, and justified by pro-forma invoices from suppliers.

Expenditures have to occur after approval of the loan guarantee. Project costs incurred prior to the loan guarantee application will not be taken into consideration, unless a valid written justification is given by the bank and approved by Kafalat.

Kafalat Trees

1. Purchase of trees in proportion to land surface, and diversification in the variety of trees to ensure a constant stream of income across all seasons.
2. Purchase of new machinery necessary for trees, renewal or modernizing existing machinery.
3. Purchase of irrigation equipment.
4. Reconstruction of terrace, reservoirs, and storage rooms.
5. Working capital.
6. Agricultural post harvest and transformation activities for processing, marketing, conditioning and exporting.

All expenses must be relevant to the business activity subject of the loan, and justified by pro-forma invoices from suppliers.

Expenditures have to occur after approval of the loan guarantee. Project costs incurred prior to the loan guarantee application will not be taken into consideration, unless a valid written justification is given by the bank and approved by KAFALAT.