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Finance

Finance Option

Gaalooge Agrobusiness Enterprise – Empowering Farmers Through Innovative Financing Solutions

Gaalooge Agrobusiness Enterprise has established strategic partnerships with financial institutions to offer local farmers and other key players in the agriculture sector accessible financing for farm inputs and machinery. This initiative is designed to enhance food security and support the transition from subsistence farming to commercial agriculture.

In addition to its partnerships, Gaalooge provides its own in-house financial solution, which allows clients to make an initial advance payment of only 50%, with the remaining balance payable in flexible installments over one year. Payment terms can also be tailored to align with the farming seasons, easing the burden on farmers and ensuring sustainability.

Through this program, farmers and agribusiness stakeholders can access up to 80% financing with flexible repayment options and attractive Murabaha-based terms, helping them boost productivity and improve livelihoods.

Agricultural Financing Options

Our Financing Partners

Agro Africa Bank

Agro Africa Bank – Mogadishu

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Financing Access up to 80% financing
Interest rate 12% p.a. (Reducing balance) on each drawdown
Payment period 12 Months
Upfront payment 20% of equipment value
Special considerations
  • Supports seasonal, unstructured and unequated payments
  • 60 Days repayment holiday /Moratorium (Principal & Interest) on request
  • Farm Implements included (up to 20% of tractor cost)
Charges applicable
  • 1.5% one off Bank Charges (new customers)
  • 1% one off Bank Charges (existing customers)
  • 20% excise duty on fees
Insurance Comprehensive Insurance over assets financed

Bank Requirements:

  • 3 months account history
  • Written request + income proof (salary contract or business statement)
  • Collateral: guarantor, property or cash guarantee + product quotation from the company
Apply Now
IBS Bank

International Bank of Somalia (IBS) – Mogadishu

▼
Financing Access up to 80% financing
Interest rate 12% p.a. (Reducing balance) on each drawdown
Payment period 12 Months
Upfront payment 20% of equipment value
Special considerations
  • Supports seasonal, unstructured and unequated payments
  • 60 Days repayment holiday /Moratorium (Principal & Interest) on request
  • Farm Implements included (up to 20% of tractor cost)
Charges applicable
  • 1.5% one off Bank Charges (new customers)
  • 1% one off Bank Charges (existing customers)
  • 20% excise duty on fees
Insurance Comprehensive Insurance over assets financed

Bank Requirements:

  • 3 months account history
  • Written request + income proof (salary contract or business statement)
  • Collateral: guarantor, property or cash guarantee + product quotation from the company
Apply Now
Premier Bank

Premier Bank – Mogadishu

▼
Financing Access up to 80% financing
Interest rate 12% p.a. (Reducing balance) on each drawdown
Payment period 12 Months
Upfront payment 20% of equipment value
Special considerations
  • Supports seasonal, unstructured and unequated payments
  • 60 Days repayment holiday /Moratorium (Principal & Interest) on request
  • Farm Implements included (up to 20% of tractor cost)
Charges applicable
  • 1.5% one off Bank Charges (new customers)
  • 1% one off Bank Charges (existing customers)
  • 20% excise duty on fees
Insurance Comprehensive Insurance over assets financed

Bank Requirements:

  • 3 months account history
  • Written request + income proof (salary contract or business statement)
  • Collateral: guarantor, property or cash guarantee + product quotation from the company
Apply Now
Salaam Somali Bank

Salaam Somali Bank – Mogadishu

▼
Financing Access up to 80% financing
Interest rate 12% p.a. (Reducing balance) on each drawdown
Payment period 12 Months
Upfront payment 20% of equipment value
Special considerations
  • Supports seasonal, unstructured and unequated payments
  • 60 Days repayment holiday /Moratorium (Principal & Interest) on request
  • Farm Implements included (up to 20% of tractor cost)
Charges applicable
  • 1.5% one off Bank Charges (new customers)
  • 1% one off Bank Charges (existing customers)
  • 20% excise duty on fees
Insurance Comprehensive Insurance over assets financed

Bank Requirements:

  • 3 months account history
  • Written request + income proof (salary contract or business statement)
  • Collateral: guarantor, property or cash guarantee + product quotation from the company
Apply Now
Gaalooge

Gaalooge (50%)

▼
Financing Access up to 50% financing with out commision
Interest rate 0 rate
Payment period 12 Months
Upfront payment 20% of equipment value
Special considerations
  • Supports seasonal, unstructured and unequated payments
  • 60 Days repayment holiday /Moratorium (Principal & Interest) on request
  • Farm Implements included (up to 20% of tractor cost)
Charges applicable
  • 1.5% one off Bank Charges (new customers)
  • 1% one off Bank Charges (existing customers)
  • 20% excise duty on fees
Insurance Comprehensive Insurance over assets financed

Bank Requirements:

  • 3 months account history
  • Written request + income proof (salary contract or business statement)
  • Collateral: guarantor, property or cash guarantee + product quotation from the company
Apply Now



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