BACKED BY OLDMUTUAL
Take your tea business
to the next level
Boost your agribusiness with our loan.

What is Green Gold Loan?

As a tea farmer, you may need finances to pay your workers, purchase farm inputs, pay fees or purchase feeds. The Green Gold Loan offering serves to boost your cash flow as you wait to receive payment for tea supplied to the factory(bonus).

What's in it for you?

  • Access loans of up to 75% of the value of tea bonus earned in the recent 3 years
  • Application approval within 48 hours
  • Flexible loan repayments structured to accommodate the tea bonus payments
  • Loan size of up to 500,000
  • Tenure Up to 12 months

How does it work?

  • You will need to have an active operative account with Faulu
  • Have at least one-month tea remittance channelled through Faulu account
  • The one-month remittance is not applicable to buy offs for non-KTDA customers
  • Three original tea remittance slips
  • Deed of assignment assigning the tea proceeds (monthly and bonus) to Faulu
  • One year certified bank statements from the previous bank or pay point
  • Copy of NID

Want to know more about Green Gold Loan?

If you want to know more, we've put together some frequently asked questions for you.

    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