Want to know more about Green Gold Loan?

Applicants qualify for multiple additional or top-up loans provided that the borrower does not exceed 75% of the value of tea of the recent 3 years bonus earned.

You can 75% of the average of the recent 3 years bonus earned or you can get a minimum of KES. 5000 and a maximum of KES. 500, 000.

Loan repayments are structured to accommodate the tea bonus payments this means that the :

• The loan principal is to be repaid once on the farmer's receipt of the annual bonus payment at the end through the Hazina account
• Interest to be annualized and paid monthly from the monthly tea earnings through an automated standing order from Hazina account

The following types of collateral can be used for loan amounts of KES. 5,000 – KES500,000.

• Deed of assignment assigning the tea proceeds ( monthly and bonus) to Faulu
• Chattels mortgage
• Two guarantors sign a chattel mortgage and open an account with Faulu or have an existing account
• Three change of pay point form signed and updated
• Three original tea remittance slips
• Tea bushes
• Monitoring of the remittances, should the remittances reduce, the officer is required to intervene and engage the farmer. This can be achieved through enhanced relationships with the agricultural officers