Interest rate
The cost of borrowing. Farmer Connect is documented at 1%-3% monthly, Salary-Backed at 5% monthly flat, and Business Loans at 10%–15%.
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Compare the confirmed terms currently published for F.O.D.’s loan products. Final offers remain subject to assessment and approval.
Rates, fees and repayment terms should be presented at the point of application.
All monetary figures are in Ghana cedis (GHS). The applicable rate basis is shown where confirmed, and pending values are clearly labelled.
| Term | Farmer Connect | Salary-Backed Loan | Business Loans |
|---|---|---|---|
| Loan amount | GHS 3,000-20,000 | GHS 1,000-10,000 | Determined by credit assessment, repayment capacity and financing requirement |
| Interest rate | 1%-3% monthly | 5% monthly flat | 10%–15% |
| Pricing basis | Straight-line basis | Flat monthly rate | Credit assessment, repayment capacity and financing requirement |
| Processing fee | For more information, call or WhatsApp +233 20 876 20039, or email ezu@fodmicrocredit.com. | 3% one-off, upfront | Not stated in the Business Loan document |
| Standard tenure | 3-12 months | 4-6 months | 1–6 months |
| CAGD tenure | Not applicable | 12–36 months | Not applicable |
| Repayment | Monthly, quarterly or seasonal balloon option | Monthly instalments | Flexible; determined after assessment |
| Disbursement | Mobile money or bank account | Mobile money or bank account | Within 24 hours upon approval |
The cost of borrowing. Farmer Connect is documented at 1%-3% monthly, Salary-Backed at 5% monthly flat, and Business Loans at 10%–15%.
The Salary-Backed Loan carries a 3% one-off upfront fee. The Business Loan document does not state a processing fee. For Farmer Connect processing-fee details, for more information, call or whatsapp +233 20 876 20039, or email ezu@fodmicrocredit.com.
Business Loan repayment tenures range from 1 to 6 months. The applicable term for every facility depends on the product and approved repayment structure.
Business Loan repayment is flexible, with terms determined through credit assessment, repayment capacity and the nature of the financing requirement. Other products use their published repayment structures.
Published rates, fees, amounts and tenures are indicative and do not constitute an offer or guarantee of credit. Final terms are subject to KYC/AML screening, eligibility, affordability and credit assessment, documentation, approval, and applicable regulatory requirements. Final terms will be disclosed before acceptance.
For more information, call or WhatsApp +233 20 876 20039, or email ezu@fodmicrocredit.com.
Review eligibility requirements for each product before starting an inquiry.