Purchase some livestock so that they can work for you
What is a Livestock Development loan?
Finance is made available so that suitable farmers can purchase livestock. However finance can only be made available for an income-generating project. In each case it must be established what the plan is for the livestock to be purchased and that sufficient funds and/or already existing facilities are available to control the animals.
Why go with us?
Tonga Development Bank’s Livestock Development loan has:
|All items livestock purchased by loan funds plus others. Mortgage to be taken whenever possible.
|$5,000 36 months
|Repayment Percentage Salary Deduction
|Salary deduction preferred. Normally up to 50% of income.
|Can be charged to account.
|Direct to supplier where necessary or according to agreed draw down schedule.
|Adequate, either cash deposit or sweat equity towards total project cost.
Eligibility Guideline – Applicants
Applicants considered under this Sector should: