SHORT TERM
- A credit for seasonal purchases of seed, fertilizers, chemicals, livestock feeds, fuel, etc
- Usually repaid within one year.
MEDIUM TERM.
- Used for the purpose of minor land improvement e.g fencing and purchase of machinery
- Repaid in 2-5 years
LONG TERM
- Used for long lasting projects like land purchase, and major improvement within the farm e.g soil conservation and irrigation.
- Repaid in 6-15 or more years.
Kavungya answered the question on March 28, 2019 at 05:40
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March 25, 2019
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Answers (1)