Financing (loans) of greenhouses is a service offered in partnership with the Ministry of Agriculture, specialized companies and interested organizations in agricultural development and preservations of water resources.

The main goal of this technique is to achieve the aim of reducing costs and doubling income from agricultural crops, in addition to the fact that the practicability and number of technical experiments confirm that the agricultural crop resulting from the technology of greenhouses is considered more worthy and healthy.

Service Features:

• Achieving the highest possible returns that enable farmers to pay off installments and expand their activities.
• Ensuring of access to high quality of cultivated crops that lead to an increase demand.
• Increasing the productivity of agricultural crops.
• Reducing the production costs that used in irrigation, pesticides and fertilizers and turning them into benefits to farms.

Terms and Documents Required to Obtain the Service:

• Customer should maintian an account with CAC Bank.
• Providing the original identity copy (a valid electronic card or passport).
• Fill in the application form by visiting any CAC Bank Branch or office.
• The customer should be able to bear at least (30%) of the projects value.
• The customer must have a source of water (an owned well or close to him that he can buy from).
• The customer shall use modern irrigation systems (drip).
• The customer shall not have failed to pay any debts to any banking or financial entity.
• Providing a feasibility study for the project in cooperation with the bank, and providing a price offer for the project.
• The ability to bring sufficient guarantees and that the customer has the ownership document of the agricultural land.
• The farm is located in areas eligible for agriculture for economic benefit throughout the year.
• Banking charge for financing 8% per annum.