A joint Cartu Bank and Agricultural and Rural Development Agency agro credit program gives the entrepreneurs an opportunity to develop their farms and enterprises. Under the program (http://rda.gov.ge/projects/read/agro_credit/5:parent) you can get financing for the purposes below:
FINANSING THE AGRICULTURAL WORKING ASSETS:
1.1. Crop farming:
- Funding current costs of annual seed grains and seedlings;
- Funding current costs of pesticides, organic and mineral fertilizers, biohazard plant protection substances;
- Hiring labor and renting agricultural machinery and vehicles;
- Funding agricultural machinery and vehicle fuel and lubricant current costs;
- Funding greenhouses energy carrier’s current costs;
- Lease of agricultural lands to grow annual crops.
Maximum credit term – 18 months; the costs within the credit term shall be financed.
For detailed information, please, visit the link: http://rda.gov.ge/projects/read/agro_credit/7:child
1.2. Cattle breeding:
- Purchase of non-breeding and young domestic animal, poultry and fish
- Purchase of bee families and beehives;
- Funding current costs of domestic animals, poultry and fish food (including the organic food);
- Funding current costs of vet preparations (including the organic preparations);
- Fuel and lubricants, farm building climate forming energy carriers;
- Hiring labor and renting agricultural machinery and vehicles;
- Funding agricultural machinery and vehicle fuel and lubricant current costs;
- Funding current costs of the energy carriers in farming facilities;
- Renting pasturelands, hayfields and cattle facilities for the credit term.
Maximum credit term – 18 months; the costs within the credit term shall be financed.
FINANCING THE AGRICULTURAL FIXED ASSETS:
- Purchase of breeding and productive livestock, poultry and fish;
- Construction of greenhouses, fish tanks and pools;
- Construction, purchase of irrigation systems;
- Purchase and installation of climate forming equipment and machinery for greenhouses and farm facilities;
- Connecting greenhouses, water tanks, pools and farm facilities to water, power, natural gas and sewage systems;
- Repairs of fences and poles for perennial plants;
- Fencing an agricultural facility (poles, wire, barb wire, wire mash, electric fence);
- Purchase of the crop farming and cattle breeding inventory;
- Repairs of the agricultural machinery, vehicles, facilities and greenhouses.
Maximum credit term – 36 months; the costs within the credit term shall be financed
MAIN TERMS OF THE PROGRAM
Credit amount |
40,000 - 100,000 USD (equivalent in GEL) |
Credit currency |
GEL |
Instrument |
Credit |
Grace period |
|
for the principal |
max 12 months |
for credit interest |
max 6 months |
The program gives you an opportunity to:
- Rapidly expand your farm;
- Get a low interest rate credit;
- Get a business-specific credit repayment schedule.
For detailed information, please, follow the link: http://rda.gov.ge/projects/read/agro_credit/8:child
For more information, please call us 24 hours a day at (+995 32) 200 80 80 or visit the nearest service center.