Crop advance loan available to tea farmers whose tea proceeds are channeled through centenary Sacco.



  • Tea produce to be channeled through the Sacco for at least one month

  • The maximum overdraft amount issued will be calculated at the rate of ½ monthly payment rate and only harvested kilos ( as per factory generated receipts) that are pending payment would be used to calculate the advanced amount

  • Interest rate will be 5% deducted upfront or 200/= whichever is higher

  • Applicants MUST provide national id copy plus previous month’s original pay slip

  • No guarantors will be required for this product.

  • The overdraft will be recovered in full upon receipt of the previous month proceeds

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