Agriculture and Agro-Processing

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Our Criteria

MEGA is the go-to agency for small, medium and micro-enterprises (SMMEs) and co-operatives in Mpumalanga, when seeking affordable, customised loan packages. This is because our loan packages are ideal for historically disadvantaged individuals who may not meet the stringent requirements or criteria of commercial lenders.

Believing in the enormous value of finance for starting new ventures or developing already-existing businesses, the team at MEGA applies a unique set of criteria to dispense loans, including the age of client(s) and their ability to afford credit, as per the National Credit Act and Financial Intelligence Centre Act.

The following are Medium Priority Sectors

MEGA is known for making available various types of loan package, including:

 

Type of package Repayment term
   
Seasonal loans Seasonal repayment terms
Livestock loans (poultry, piggery, etc.) Maximum repayment term of 3-8 years
Revolving credit facility Maximum repayment term of 1 year
Bridging loans Repayment terms based on the duration of the contract period
Business loans Maximum repayment term of 10 years
Guarantee Repayment terms based on the duration of the contract period
Equity funding Repayment terms based on the duration of the contract period