| PARAMETERS FOR NERPO LIVESTOCK CREDIT SCHEME LOAN |
| Criteria |
Parameters |
| Maximum Limit |
Up to R100 000 per person. Any amount above R100 000 will need a special motivation and will also depend on the nature of the project, but will not exceed R500 000.
|
| Minimum Limit |
R10 000 |
| |
| Term |
From 6(Six) up to a maximum of 60(Sixty) months. |
| Security |
Existing livestock, that must be at least two (2) times the value of the loan required and/or the financed livestock must be pledged as security and/or any other collateral substitute if the loan is greater than R25 000. The Livestock must be branded and GMP tagged for traceability. |
| Repayment |
In line with income cycles of the specific enterprise as well as non-farming income. Capital and interest must be repaid within the agreed loan period. |
| Loan Disbursement Conditions |
Disbursements of loan funds are only made to Third Parties upon presentation of invoices or sale agreements after compliance with loan conditions and with the client's signature. The client's signature will indicate that he/she has received the goods that were purchased in good order. |
| Farm Business Plan |
Cash flow and production plans must be submitted with the loan application form with supporting recommendation from Local Livestock Farmers Association and/or mentor on thesuitability of the agricultural production base, as well as whether the carrying capacity allows for additional stocking. |
