Agriculture & Agro - Processing Finance
Products under this sector have been developed to support SMMEs and Co-operatives in putting productive land to use. Ithala provides funding solutions to farmers focusing on commodities such as sugar cane, grain crops, fruits, forestry, vegetables and livestock.
Funding solutions offered under this product include:
Livestock Finance
This product serves the purpose of financing the acquisition of breeding livestock.
Empowerment equity finance
Purchase of shares in an existing company
Land and Fixed Improvements
This is a long-term loan for the acquisition of land and fixed improvements (i.e. implement sheds, dams, underground irrigation system etc.).
Working Capital
This product serves the purpose of financing the production costs directly related to the cultivation of the crop and input costs for livestock to be financed, i.e.; seeds, fertilizer, fuel, oil, weed killers, pesticides, storage costs, crop insurance premiums, hedging costs, fodder, licks, dipping fluid and ear tags. This also covers acquisition of livestock for feed-lotting and speculation, layers, broilers etc.
Equipment Finance
This product serves the purpose of financing the acquisition of agricultural movable assets including center pivots, tractors, loaders, farming equipment, trucks etc.