Savings and loans
Agricultural loan
Seasonal credit for members farming: inputs before planting, repaid after harvest.
Farming runs on a different calendar from a trading business, so this loan does too. Repayment is structured around the season rather than the month.
What you need to qualify
- A savings record with the co-operative
- Details of the land and the crop or livestock
- A completed loan application form
Questions about borrowing
How do I apply for a loan?
Build a savings record first, then complete a loan application form at the office. The loans officer will discuss the amount, the purpose, the repayment schedule and any security required before the loan goes for approval.
Why are your loans cheaper than a bank's?
Because the money is yours. The co-operative lends out the savings that members have pooled, and the goal is service rather than profit. Interest paid on savings and shares is limited and proportionate to the interest charged on loans.
Other products
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Savings account
The heart of the co-operative. Members contribute every month and build the fund everyone borrows from.
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Share capital
Shares make you a part-owner. They set your dividend, though never your vote — that stays one per member.
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Development loan
For growing a business: stock, equipment, premises or the working capital to take on a bigger order.