The Agro Loan is Lazika Capital’s financing product for farmers and agricultural businesses, supporting seasonal work, livestock, equipment and other rural activity. Loan amounts range from 500 to 25,000 GEL with terms of 12 to 48 months.
The nominal interest rate starts from 18% (effective rate from 18.39%), with an issuance commission from 0%. Loans can be unsecured or backed by a co-borrower, guarantor, real estate or a vehicle, depending on the amount.
What's good
- Tailored to seasonal agricultural needs
- Flexible collateral including unsecured options
Trade-offs
- Interest starts from 18%, higher than bank agro loans
- Larger amounts require collateral
