BACKED BY OLDMUTUAL
Designed just for youGet Maziwa Loan to ensure that
your farm runs effortlessly for high returns.

What is Maziwa Loan?

Venturing in the dairy business requires investment in high yield dairy cattle, purchase or production of high-quality feeds and mechanizing the farm. This ensures that the farm’s efficiency is maximized for higher returns. Maziwa Loan is designed with your needs in mind.

What's in it for you?

  • The purpose of the loan is personal, development, farm improvement, purchase of dairy cows or business needs
  • A solution to enable farmers to buy dairy cows for more milk productivity and farm improvement.
  • Flexible repayment terms based on milk remittance cycle
  • Loan size of up to 3M
  • Tenure is up to 36 months

How does it work?

  • Open an account with Faulu MFB Ltd for milk proceeds remittance
  • Must be having consistent milk remittance income for the last 12 months as evidenced by the bank statements and Milk delivery notes
  • Ability to repay - we shall commit a maximum of 70% of the average monthly remittance for the last 12 Months
  • Clean credit history evidenced by a credit reference bureau report
  • Duly completed credit facility application form
  • PIN certificate and National I.D. (original and copy)
  • Certificate of registration (in case of registered enterprise/sole proprietorship)

Want to know more about Maziwa Loan?

If you want to know more, we've put together some frequently asked questions for you.
    • Dairy farmers selling milk through milk co-operatives and are paid on a monthly remittance basis through their Faulu account
    • Dairy farmers selling to milk processing firms and are paid on a monthly remittance basis through their Faulu account
    • Alternatively, borrowers to fill change of pay point forms before drawdown

    Option 1

    • Monthly milk remittances
    • Irrevocable instructions by the milk buying agency not to change the pay point from Faulu
    • Chattels mortgage over household chattels and livestock
    • Two guarantors with milk remittance

    Option 2

    • Monthly milk remittances
    • Irrevocable instructions by the milk buying agency not to change the pay point from Faulu
    • An acceptable conventional collateral

    There are automatic debit orders from your Faulu account on a monthly basis.

    Refinancing is available subject to appraisal immediately upon payment of 25% of the existing loan.