What is Maziwa Loan?
A dairy-focused loan designed for farmers paid through milk cooperatives and processors.
- Designed for dairy farmers paid through milk cooperatives or processors
- Financing for dairy cows, farm improvement, equipment, and working capital
- Automatic repayment through monthly milk proceeds
- Fast approval within 24 hours
- 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
- 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
- Monthly milk remittances
- Irrevocable instructions by the milk buying agency not to change the pay point from Faulu
- An acceptable conventional collateral
Option 1
Option 2
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.