Out Grower’s loan scheme is designed to facilitate extending credit to out growers of different crops for purchase of inputs for crop maintenance and meet other costs related to the development of the crop. So far out grower loans have been extended to sugar cane farmers, barley, tea and tobacco farmers.

Benefits of  NMB Out Growers Loans

• The loan scheme is tailor made to suite specific crop and farmer needs
• It enables farmers to borrow money to meet costs of production such as purchase of inputs, cultivation, harrowing, sowing and labour charges throughout the farming season.
• The facility is structured to take care of crop seasonality to facilitate easy and smooth loan repayment.
• It facilitates farmers to increase their crop acreage and therefore increased production and finally realize more income

Eligibility for NMB Growers Facilities

Memorandum of understanding between the buyer of the crops, the out grower (borrower) and the Bank to provide the following assurance:

• That all crops to be harvested will be purchased by the buyer
• Actual crop harvested in the past season's
• Actual sales proceeds realized in the past season's
• Past experience in growing the crop
• Collateral to secure the loan
• Farming contract between buyer and farmers

If in doubt, contact your nearest NMB office, your local out grower farmers' association or your processor.

How to buy?

Visit your nearest NMB branch and complete the application form.

Where to buy?

If you are interested in this product, please contact your nearest NMB branch. You can use the branch finder on this website to find the one closest to you.