Help Centre
Pricing and repayment periods for Agri Credit Line
Know the repayment options, charges, and worked examples
With Agri Credit Line, you choose 1, 2, or 3 installments when you submit your Funds Request, based on what you have been approved for. The 1-installment option can be repaid on any day you choose between day 7 and day 30. The longer you take, the more markup you pay in total. The shorter the period, the cheaper your financing.
1 installment
One repayment on any day you choose between day 7 and day 30
Daily markup of 0.2975%
The total markup is calculated from your chosen period at 0.2975% per day (for example, 8.92% if you repay on day 30)
60 day period
Two equal repayments, on day 30 and day 60
Daily markup of 0.2208%
Total markup over 60 days is 13.25%
This works out to 6.62% for each 30 day half
90 day period
Three equal repayments, on day 30, day 60, and day 90
Daily markup of 0.2073%
Total markup over 90 days is 18.66%
This works out to 6.21% for each 30 day part
Worked example: 1 installment
Say you draw KES 100,000 with 1 installment. If you repay on day 30, the markup is 8.92%, which is KES 8,920, so you repay KES 108,920. If instead you repay on day 12, the markup is 0.2975% per day for 12 days, which is 3.57%, or KES 3,570, so you repay KES 103,570.
Worked example for 60 days
Say you draw KES 100,000 for 60 days. The total markup is 13.25%, which is KES 13,250. You repay in two equal parts of KES 56,625 on day 30 and day 60.
Worked example for 90 days
Say you draw KES 100,000 for 90 days. The total markup is 18.66%, which is KES 18,660. You repay in three equal parts of KES 39,553 on day 30, day 60, and day 90.
How to choose the right period
Pick the shortest terms that fit your business cycle. With the 1-installment option you can repay on any day between day 7 and day 30. Picking longer terms than you need means paying more markup.