The project is worth US$51 million. It involves the importation of 1300 Tractors, 200 Seed drills, 200 Disc harrows, 400 Planters, 100 Boom sprayers, 80 Combine harvesters and 100 Tipping trailers.
An upfront 15% deposit shall be paid by the beneficiaries to the local banks prior to the disbursement of the equipment. There must be 100% recovery of the loan from the beneficiaries.
The banks will ensure recovery repayments from borrowers and remittance of funds to the lender.