Shahd is a financial package to finance the activities of beekeeping, production and marketing of honey.

Service Features:

• Financing procedures are simple and fast.
• Simplified installments without interests.
• Farmers ensure constant income throughout the year by guaranteeing the production of high-quality honey in different seasons.
• Levels of revenue rise by increasing the number of hives to reach a good and feasible quantity, and increase the amount of honey produced by modern techniques.
• The profitability of beekeeper rises by not less than 30%.
• Expanding the beekeeping in Yemen in order to improve family livings and increase income.
• Bringing in new skills and techniques for modern beekeeping and contributing additional job opportunities.

Terms and Documents required to obtain the service:

• The customer should maintain an account with CACBank.
• 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 has the necessary technical and administrative expertise to manage the project, preferably customer has to have trainings by organizations or specialized entities or has sufficient experience in this field.
• The customer should not have failed in payment of any past debts to any other banking or financial entity.
• The entity that honey production will be sold to, must be a well-known entity, preferably one of CAC Bank's customers, or an entity that can guarantee the beekeeper.
• Contributing with the bank in preparing feasibility study for the project, and providing a price offer for the project.
• The ability to bring sufficient guarantees and the customer has the ownership document of the agriculture land.
• The Banking interest rates for Shahd finances are 6% for 6 months, 8% for 1 year and 13% for two years.