Livestock Development Finance

NBK offers you an easy solution to finance livestock development projects with minimal documents. This product aims to provide you with the necessary financial support for the growth of revenue and profits of you.

This finance is available for beneficiaries who wish to establish small livestock projects and are subject to the credit standards and controls in accordance with the credit policy forced by the bank. In addition to the specific rules and conditions for providing financing with it, which is done by conducting the necessary credit studies to enquire about the project and determine whether to finance it or not.

Short-term loans up to 12 months.

• Quick and easy procedures
• Simple documents
• Handling the your account from any NBK Branch
   

• Submit your application online
• Visit one of our branches and our staff will assist you in fulfilling the application form and provide you with the list of needed documents, which include:
  • Valid National ID
  • Recent valid extract (3 months)
  • Tax card and data certificate funded by the tax authority
  • Insurance
     

• In the case of meeting the conditions of CBE initiative to support small projects, a return rate of 5% is applied
• In the case of financing from the resources of the bank, a return rate of 15% is applied, including commissions and insurance expenses
• In the case of financing within the framework of the Enterprise Development Agency program, the beneficiaries are exempted from the following documents: (commercial register - tax card - tax and insurance position)
• The delayed interest is calculated at the rate of 2% above the rate applicable to amounts overdue, out of principal and interest​
   

Second Party Obligations (The Company)

• The company is committed to provide model farms, training the beneficiaries, providing heads, as well as the necessary rations and fodder for fattening, and providing comprehensive and technical veterinary care throughout the duration of the breeding cycle
• Marketing the heads that were financed by NBK at the end of the operating role
• In the event that the beneficiary makes the sale process, the company will supervise the sale process and receive the purchased amountwith the approval of the bank, also a training certificate will be given to each beneficiary in preparation for disbursing the facility to deliver the heads to the beneficiary