SME and trader loan
Working capital to restock, take a bulk order or open a second shop.
- Amount
- ₦100,000 to ₦10m
- Tenor
- 3 to 12 months
- Example rate
- 3.5% a month flat
Loans
Borrow for the season. Repay without fear.
Trader loans, salary advances, asset finance and group loans, with every rate and fee written in your offer letter. No surprises at the end.
- Written offers
- Weekly or monthly repayment
- No hidden fees
Our loans
Six ways we lend.
Salary advance
For salary earners whose employer pays into Harvestfield or has a payroll agreement with us.
- Amount
- Up to 50% of net pay
- Tenor
- 1 month
- Example rate
- 4% one off
Asset finance
Generators, freezers, sewing machines, grinding machines and keke, paid direct to the vendor.
- Amount
- ₦200,000 to ₦5m
- Tenor
- 6 to 18 months
- Example rate
- 3% a month flat
Group loan
For market associations and cooperatives. Members guarantee each other, no collateral needed.
- Amount
- ₦50,000 a member
- Tenor
- 4 to 6 months
- Example rate
- 3% a month flat
School fees loan
Pay the term's fees on time and spread the cost over the term.
- Amount
- Up to ₦1m
- Tenor
- 3 to 4 months
- Example rate
- 3% a month flat
Farm input loan
Seeds, fertiliser and labour for the planting season, repaid after harvest.
- Amount
- ₦100,000 to ₦3m
- Tenor
- 6 to 9 months
- Example rate
- 2.5% a month flat
Example rates for this demo, not an offer. Rates depend on your history and the loan.
How it works
From first chat to money in your account.
- 1
Talk to a loan officer
At a branch, through an agent or by phone. Bring your BVN.
- 2
Business visit
A loan officer visits your shop or workplace, usually within three days.
- 3
Offer letter
A written offer with the rate, all fees and the repayment schedule.
- 4
Money in your account
Usually within 48 hours of signing. Repay weekly or monthly.
Responsible lending
We would rather say no than see you struggle.
Before any loan, a Harvestfield officer looks at what your business actually takes in, not just what you hope it will. Repayments should never be more than about a third of what is left after your costs. If a loan would stretch you, we will suggest a smaller one or a savings plan first.
- Every fee written in the offer letter
- No penalties for paying early
- Grace periods agreed if the market is hit by floods or closures
- We never take shop goods without a court order
Quick check
Your example monthly repayment.
Move the sliders to see an example repayment at our trader rate. For tenor and method options, open the full calculator.
How much could you repay?
Example monthly repayment₦0At an example 3.5% flat a month. Full calculator
Questions
Questions people ask
For loans up to ₦1 million, usually not. We rely on guarantors, your savings history and our visit. Larger loans may need collateral or a registered asset.
Interest is worked out on the original amount for the whole loan, even as you repay. It is simple to understand, but costs more than the same rate on a reducing balance. The calculator shows both.
Yes. Many traders repay weekly on their busiest market day. Our agents can collect repayments at your stall.
Ready to talk about a loan?
Come to any branch with your BVN, ID and a guarantor, or ask an agent to book a loan officer visit.