The Agricultural Bank of Egypt (ABE) offers customers a poultry loan designed to support small companies and associations operating licensed poultry farms. The loan carries an interest rate of 5% with no administrative fees, and installments can be repaid after a grace period set according to the type of production, helping to boost agricultural activity and deliver a stable return for beneficiaries.
Loan details
Loan tenor: 60 months, including the grace period.
Interest rate: 5%.
Loan fees: no administrative fees.
Grace period
Meat production: 6 months from the loan activation date, with quarterly installments.
Egg production: 9 months from the activation date, with monthly installments.
Financing conditions
Applications are open to small companies and associations operating licensed poultry farms.
The customer’s contribution must be at least 30% of the financing amount.
Repayment is made in monthly installments.
Required documents
1. A poultry-house license valid for two years.
2. A letter from the head office of the Ministry of Agriculture stating: the farm’s fitness for operation – its maximum and actual capacity – and that the farm is not located in an epidemic area.
3. A valid national ID card for the customer and the guarantor.
4. A recent commercial register (not less than 3 months), along with the tax card.
5. The articles of association of the association or company, specifying who is authorized to sign and borrow.


Comments
No comments yet. Be the first!