Eligibility

To qualify for an Agriculture Loan from UMF, you must meet the following eligibility conditions:

• Legal, Existing Agribusiness
  Your agricultural or agri-related business must be legally recognized and operational for at least six (6) months.

• Ugandan Residency
  All applicants must be Ugandan residents actively engaged in agricultural activities within the country.

• Individual or Group Applicants
  Both individuals and organized farmer groups or cooperatives are eligible to apply.

Requirements

Applicants must meet the following criteria to successfully secure an Agriculture Loan:

• Client Identification (KYC)
  UMF performs Know Your Customer (KYC) verification for all applicants. You’ll be required to submit valid identification such as a National ID or passport, along with your full name, date of birth, address, and contact details.

• Local Council Recommendation
  A letter of endorsement from your area Local Council (LC1) Chairperson is mandatory. This confirms your residence and good standing in the community. For group applicants, all members must present individual LC1 letters.

Collateral
Depending on the size of the loan and the applicant category (individual or group), acceptable forms of collateral may include:

• Vehicle logbooks
• Land sale agreements
• Land titles
• Chattels (e.g., farming equipment or livestock)

Guarantors

• Individuals: Must provide two guarantors with verifiable income and contact information.
• Groups: Must co-guarantee each other internally, in addition to providing one external guarantor.