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INTERNET BANKING

Preferential Agrocredit

Preferential Agrocredit is a joint project of Credo Bank and Agricultural Projects Management Agency (APMA). The loan is intended for individuals who run agricultural business in the rural or urban areas: for purchasing fixed assets, create new agricultural enterprises, expand existing enterprises, and modernize or finance-repairing works in existing enterprises.

The interest rate for the beneficial agro credit is co-financed by Agricultural Rural Development Agency (ARDA).

  • To cover the costs of sowing and planting material
  • To buy pesticides, organic and mineral fertilizers, biological means of plant protection
  • To cover the costs of hiring labour resources and agricultural machinery
  • To carry out irrigation system repairs

The loan interest rate issued under the project will be fully funded by the Agricultural and Rural Development Agency for the first 6 months!.

It makes no difference whether or not the land plot is registered on your name, or whether or not the land plot, where you are willing to carry out the said activities, is registered. You can use the terms of the project in all cases.

With the privileged agro-credit, it is also possible to purchase fixed agricultural assets, finance the the costs for the creation of new enterprises or for expanding the existing enterprises. The co-financing of the interest rate shall be provided by the Agricultural and Rural Development Agency.

Follow the Link to see the Conditions

Benefits
  • A quick and easy procedure for taking a loan
  • An unprecedentedly low interest rate
  • Repayment schedule tailored to seasonality of income.
  • Grace periods
  • The co-financing of the interest rate by the Agricultural and Rural Development Agency
Terms
  • Loan amount - from 5,000.
  • Loan term
    • In case of annual crops - up to 24 months
    • For fixed assets up to -120 months
  • Grace period
    • To 10 months per year
    • In case of cultivation of new crops up to 22 months
  • Repayment schedule tailored to seasonality of income.
  • Co-financing by the Agricultural and Rural Development Agency
    • In the case of annual crops - the first 6-month interest rate
    • In case of fixed assets - up to 11% per annum

 

Follow the Link to see the Conditions

Annual crops and their maintenance costs per 1 ha

For the maximum cost of maintenance of specific annual crops by calculation per 1 ha, you can see the link: http://arda.gov.ge/rules/new/index.html