Agricultural financing provides opportunities for farmers and livestock breeders to develop their agricultural and animal projects, whether they aim to expand their farms, improve production, or diversify crops and livestock. This financing includes providing necessary equipment and services such as solar pumps, fertilizers, and modern irrigation systems. It also offers technical support through agricultural experts, as well as leveraging a network of specialized international organizations to ensure the success and sustainability of projects. Agricultural financing targets individuals who seek to improve their income and agricultural production, contributing to the revival and enhancement of agricultural lands. Financing is provided through suitable Islamic formats tailored to the customers' needs, including funding agricultural projects and breeders to enhance animal and agricultural production in sustainable ways.

Features:

  • Provides flexible repayment periods that align with the farmers' activities and income, whether monthly, seasonal, or at appropriate intervals.
  • Customers can apply for financing through the bank's website,or by visiting one of its branches or agents, making the process easy and convenient.
  • Offers technical support services, including financial project studies and consultations for medium, small, and micro-enterpries.
  • Provides streamlined guarantees and quick, easy financing procedures to ensure a comfortable financing experience for customers.
  • Customers can benefit from solar energy pumps to reduce petroleum consumption and increase their profits.
  • Modern agricultural and irrigation techniques are provided to improve production efficiency and sustainability.
  • Installments can be repaid through bank branches, electronic services, and a network of agents spread across all governorates of the Republic of Yemen.
  • The cost of purchasing solar pumps can be recovered within a period ranging from two to three years, guaranteeing safe agriculture away from the risks of fuel shortages.
  • Financing is provided in accordance with the regulations of the Islamic Shariah supervisory authorities, making it a compliant option with Islamic principles.

Requirements:

  • The applicant for financing must have experience in agricultural or animal activities and possess sufficient prior experience or training.
  • The applicant must own the land they intend to develop or have a lease agreement for the entire financing period.
  • The applicant for financing must have an active bank account.
  • The applicant for financing must be a Yemeni citizen and between 18 and 60 years old.
  • The applicant must have a valid ID card, and their activity should have all the necessary licenses.
  • The applicant's activity must have been in operation for at least six months.
  • The applicant must be capable of providing the necessary guarantees for financing.
  • Approval of the customer's economic and social assessment.

Targeted Categories:

  • Cash crop producers.
  • Small farmers, and livestock breeders,.
  • Owners of small, start-up, and existing projects related to the value chain in agricultural and animal production.
  • Livestock producers.
  • Plant producers.
  • bee breeders
  • Poultry breeders.
  • Owners of greenhouses and modern irrigation techniques.
  • Owners of alternative energy-operated pumps.

Required Guarantees:

  • Gold guarantee.
  • Retirement salary.
  • Deposit: A financial amount deposited as a guarantee for financing obligations.
  • Bank guarantee letter: A commitment from the bank to assume financial responsibility in the event the applicant is unable to repay the financing.
  • Commercial guarantee.
  • Third-party guarantee.
  • Takaful guarantee: Providing a takaful guarantee where a specific entity bears the financing costs in case the applicant is unable to repay.
  • Mortgage guarantee.