Home page >> Agricultural cooperative Bank goals and objectives >> Credit Goals: Short – Term Loans

Credit Goals:

First: Short – Term Loans

they are less than one year and granted to Finance:   

a    Agriculture costs of cultivation, harvest, irrigation, fuel, etc ...

b    Costs of seeds, fertilisers and insecticides.

c    Requirements of professions, vocations and industries related to rural development. 

d    Purchase of animals, livestock, poultry, bees, silkworms, fishing and fish breeding, as well as provide fodder, medicine and other necessary costs.          

e    Costs of spare parts and maintenance for the machines, vehicles, water pumping stations, irrigation and waste water channels.   

f     Agriculture machines and vehicles maintenance workshops .

g    Costs of warehousing agricultural and animal products.

The following criteria are taken into consideration when defining the amount to be given to finance the a. m. activities;

1.      Activities stipulated in items / A&B/ :

1.1.   Lands prepared for farming.

1.2.   A needs table itemizing requirement per donum ( 1000 sq.m ) for each kind of activity.    

2.      Activities stipulated in other items according to the documents  defined in the executive instructions.

2.1.   defining dates and terms of the short-term loans are related directly and closely to the seasonality of the activities to be financed; it is impermissible to grant any amount before the date defined in the need table; maturity term can't exceed the date defined in the need table as well.        

2.2.   Agricultural cooperative Bank has the right to collect the debt befor the maturity date mentioned in the contract if the crop is harvested and marketed befor that date. 

2.3.   Loans for non-agricultural purposes can be granted all year round provided that their terms don't exceed one year.