Page 12 - Inside Access July 1st Edition

AGRIC BUSINESS
Real Sector Support Facility /Differentiated Cash Reserve Ratio Facility (RSSF-DCRR)
The RSSF is used to support start-ups (Greenfield) and expansion (Brownfield) financing needs of enterprises. Priority will be given to projects with high local content, import substitution, foreign exchange earnings and huge potentials for job creation.
The objective is to improve access to finance by the agricultural value chain, manufacturing, mining, solid minerals activities and other strategic sub-sectors of the Nigerian economy.
Features
Target Market: All activities along the agricultural value chain, except trading. Single Obligor Limit: N10bn
Tenor: Maximum of 7years
Moratorium period: Up to 2 years allowed.
Flexible Repayment: Monthly, quarterly etc. depending on confirmed business cash flows and/or transaction dynamics. However, repaid funds are repatriated to CBN on a quarterly basis.
Maximum interest rate: 5% per annum, inclusive of all charges (till February 2022). Interest rate reverts to maximum 9% p.a. thereafter.
Collateral required in line with the Bank's policy.
More information: AgricBusinessGroup@accessbankplc.com