The 'CPA غلة' loan is a short-term loan designed specifically to meet cash flow needs relating to the financing of the agricultural or exploitation season. It enables you to maintain and develop your activities with complete peace of mind.
Who is it for?
The “CPA غلة” Agricultural Campaign Loan is intended for professionals working in the agricultural and agri-food sector, whether individually or as part of a federation.
On An Individual Basis:
- individual farmers and livestock breeders;
Agricultural cooperatives, economic groups, associations and federations.
Agricultural service units;
- Warehouses for widely consumed agricultural products.
Agricultural Production Units (APUs, formerly pilot farms);
- Packagers and exporters of agricultural products;
Companies and cooperatives operating in the development of agricultural sectors, including promotion, processing, storage and export.
On a Federal Basis:
- Companies and economic operators involved in integration;
- cooperatives and groups involved in processing and promoting domestic production.
Are already mentioned above
Credit characteristics:
The CPA credit is granted according to the following types, whether individual or federative.
- CPA غلة credit (commercial rate).
- Subsidised 'CPA غلة' credit.
Loan amount: Up to 100% of the requested amount, depending on the customer's business volume.
Loan term: Up to 24 months depending on the length of the campaign or agricultural season.
For loans subsidised by the Ministry of Agriculture, the term is set at a minimum of nine (9) months and a maximum of eighteen (18) months, depending on the campaign or agricultural season duration.
Deferment period: No deferment period
Period of use: This is equal to the duration of the granted credit according to the agricultural season's needs.
Interest rate:
-Commercial rate: The interest rate is variable and is set out in the Bank's General Terms and Conditions.
- Subsidised rate: 6% per year excluding tax (100% subsidised by the Ministry of Agriculture).
Repayment terms: The loan is repaid in one instalment at the end of the campaign period or operating cycle.
Fees and commission:
The customer must pay the application review fee upon submission of the application (non-refundable), the amount of which is set out in the Bank's General Terms and Conditions.
A management fee, as set out in the Bank's General Terms and Conditions, will be applied to the granted financing, depending on the loan amount.
Possible guarantees (at the Bank's discretion):
- A conventional or legal mortgage on the farm in the case of land under concession or private ownership.
- Mortgage guarantee on a third-party farm.
- Joint and several guarantees from partners, cooperative members, or members of a legally constituted group (for legal entities).
- Pledge of the goodwill, including equipment.
- Subscription to the Agricultural Guarantee Fund and Investment Credit Guarantee Fund (FGA-CGCI).
- Subscription to insurance policies depending on the type and purpose of the financing, with delegation to the bank;
- Multi-risk professional insurance + Natural disasters insurance;
- Multi-risk livestock insurance (cattle, poultry and bees);
- Multi-risk crop insurance;
Supporting documents required: depending on the nature of the activity and the legal status of the business:
- A credit application quantified and signed by the customer.
- Proof of payment of the application examination fee.
- A copy of the professional farmer or livestock breeder card issued by the CNA.
- A copy of the commercial register for economic entities operating in the production, processing, storage and/or valorisation of agricultural products.
- A valid identification form issued by the CNA.
- Copy of the articles of association for legal entities.
- Minutes of appointment and delegation of powers to the manager/chief executive officer, etc.
- A copy of the applicant's valid identity card (if the applicant is a natural person) or of the manager/chief executive officer (if the applicant is a legal entity).
- A certificate of residence at the permanent address, or any other document proving the applicant's exact address.
- A recent certificate of no debt from the bank of Agriculture and Rural Development BADR (less than three months old).
For active farmers (natural persons/legal entities), as applicable:
- Balance sheets and income statements for the last three financial years, stamped by the tax authorities; or Tax declaration for those subject to the flat-rate tax regime (IFU).
- Balance sheets and projected income statements for a period of 3 years.
- Simplified projected accounting statements (income and expenditure) for three years for applicants subject to the flat-rate scheme.
For novice farmers (individuals or legal entities):
- An opening balance sheet.
- Balance sheets and projected income statements for the duration of three 3 years.
- Tax and social security statements, either cleared or accompanied by a repayment schedule.
- A copy of the title deed, concession title or lease for the agricultural land or any other land used for the planned activity, published at the land registry.
- A negative certificate of mortgage registration dated less than three months ago for borrowers who are property owners.
- A copy of the environmental services authorisation for projects relating to livestock farming (sheep, cattle, goats, poultry, etc.).
- A copy of the health approval (if necessary) or any other authorisation to carry out the activity.
- A report on the existence, expertise and valuation of the real estate, premises, land or building (industrial and/or livestock, warehouse, etc.) offered as collateral, drawn up by a consulting office approved by the Bank.
- A valued production plan issued or validated by the National Office for Rural Development Studies (BNEDER).
- A provisional cash flow budget detailing monthly supplies and operating expenses, duly justified (by pro forma invoices for materials and products to be purchased, or other supporting documents) drawn up or approved by the National Office for Rural Development Studies (BNEDER).