| ELIGIBILITY CRITERIA FOR NERPO LIVESTOCK CREDIT SCHEME LOAN |
| Eligible Borrowers |
Criteria |
| Individual |
You must be a Historically Disadvantaged Individual (HDI) (African, Indian
or Coloured Person) |
| You must belong to or be known by a local livestock farmers association in your area as your application will only be considered based on their recommendation. |
| You must have a legitimate access to the productive use of land (leased, communal or own). If you are a processor, you must have a legitimate access to the productive use of production facilities. |
| Your turnover must be less than R1000, 000 (one million rand) per annum otherwise motivation is required. |
| You must be a South African citizen and be in possession of a valid South African identity document. |
| You must be at least 21 years of age. For applicants between 18 and 21 years the parent/legal guardian must co-sign the application. |
| You must have the ability and willingness to repay the loan. |
| Legal Entities and groups |
Must be fully owned by HDIs (100% of shareholding or members' interest) or be fully compliant with the provisions of BBBEE Act. |
| Most of the directors/members must have proven practical farming experience (agribusiness), and must be adequately motivated to farm or be actively involved in the venture. |
| Must have a formal constitution or articles of association or any other appropriate and legally acceptable founding documents, with a functional board or committee and a management structure |
| Must have legitimate access to the use of land (leased, communal or own) or processing facilities. |
| The average turnover per individual/member/shareholder should not exceed R1000, 000 (One Million rand) per annum. |
| Must have the ability and willingness to repay the loan. |
