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loan Product Details

Livestock Loan

Animal husbandry remains an integral part of the rural economy of Bangladesh. In Bangladesh, substantial demand exists for religious festival-centric animals, which creates a huge scope of cattle market. Being rural entrepreneurs, GB borrowers have the opportunity to capture this market. Members can enjoy livestock loans for purchasing and fattening cattle. This loan is repayable at one shot within the term. A special feature of this loan is that, if the cattle die due to any reason, half of this loan shall be paid by the Animal Insurance Fund which is based on the premium paid by the borrowers. Regarding livestock loans, following three main objectives are strictly followed:

  • Purchase of cattle,
  • Regular growth of cattle, and
  • Repayment of the loan immediately after the sale.

 

Loan Ceiling and Tenure:

  • The maximum ceiling of livestock loans is BDT 40,000.
  • The duration of the loan is 9 months or 39 weeks.