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Agrofacil

Quick loan for agricultural producers.

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Note: The calculation shown is for informational and reference purposes only. The installment shown does not include the mandatory insurance associated with the loan. The final value is subject to the credit study, approval conditions and applicable costs.

Agrofacil
I want it

Choose your Agrofacil use

Each plan fits your production cycle and needs.

Recommended

Inputs and Sowing

15.9% EAR short cycle
  • Seeds, fertilizers and agrochemicals
  • Term aligned to crop cycle
  • Direct disbursement to supplier
  • No real guarantee up to $30M
Small producers during sowing season.
I want it

Machinery and Equipment

14.5% EAR long term
  • Tractors, plows, irrigation systems
  • Term up to 60 months with grace
  • Eligible for ICR subsidy
  • Technical advisory included
Producers modernizing their technology.
I want it
Benefits

What does it offer?

Amount up to $50M COP without real guarantee

Express approval for members with history

Grace period per crop cycle

Preferred rate 15.9% EAR

Disbursement to account or directly to supplier

Everything you need to know

Know more about your credit

Everything you need to know at a glance.

Amount
Up to $50M COP
Preferred rate
15.9% EAR
Grace period
By crop cycle
Approval
Express for members
Guarantee
No real guarantee
Disbursement
To account or supplier
Coverages and uses

What can you finance?

These are the coverages and uses of your loan.

Agricultural inputs

Seeds, fertilizers, pesticides and everything you need for your crop.

Agricultural machinery

Tools, equipment, tractors and machinery for your production.

Irrigation systems

Installation or improvement of irrigation and hydraulic systems.

Commercialization

Transport, storage, packaging and commercialization of harvests.

Simulate your Agrofácil
Calculator

Simulate your Agrofácil

Calculate your exact installment before requesting.

Our simulator shows you the amount, term and estimated monthly installment. No commitments.

Go to the simulator

Ideal for

Small and medium producers who need fast capital.

Interested?

Write to us and an advisor will get in touch.

Request more information
All included

Mandatory insurance included

Double protection: producer life + basic crop coverage.

Rural debtor life

Covers loan balance in case of death or disability of the producer holder.

Basic climate coverage

Protects loan balance against total crop loss from drought, hail or frost.

Monthly premium of 0.45%

On loan balance; may be partially subsidized by the Government.

Requirements to get it

Requirements to obtain it

Requirements for the AgroFácil loan aimed at small and medium producers.

Membership as a partner

  • Original valid national ID card (or foreigner ID for non-Colombians).
  • Be of legal age (18+) to hold the product.
  • Fill in the single INOVACOOP membership form.
  • Personal-data handling authorization (Law 1581/2012).
  • Authorization to consult and report to credit bureaus.
  • Payment of the minimum membership social contribution.

AML compliance (SARLAFT / FATCA)

  • Know-Your-Customer form (SARLAFT), duly signed.
  • FATCA / CRS form declaring foreign tax obligations.
  • Written declaration of the lawful source of funds and assets.
  • Two personal and two commercial/family verifiable references.

Producer requirements

  • Be an agricultural, agro-industrial or legal medicinal-cannabis producer (Law 1787/2016 and ICA Resolution 227).
  • Minimum twelve (12) months of productive activity.
  • Activity carried out within Colombian territory.

Productive project documentation

  • Detailed investment plan (planting, inputs, harvest, labor).
  • Land-tenure certificate: deed, lease or bailment contract.
  • Current ICA license or registration (for cannabis: Ministry of Justice and Health license).
  • Agricultural or harvest insurance policy required by the loan line.

Credit requirements

  • Minimum three (3) months of membership.
  • Good payment history: no active negative credit-bureau reports.
  • The installment cannot exceed 40% of net monthly income.
  • Mandatory borrower life insurance and product-specific policies.
  • Fill in the credit application and payroll deduction authorization.
Documents must be current and original. INOVACOOP may request additional information based on credit or risk analysis for the product.
How to open your account

Request in a few steps

Pick your preferred channel — the process is fast and simple.

Online

100% digital
From the app or portal, without leaving home.
  1. 1 Log in to the INOVACOOP app or web portal.
  2. 2 Choose "Agrofácil" and complete the simulator to see your installment.
  3. 3 Attach required documents digitally (ID + supporting docs).
  4. 4 Electronically sign the promissory note from the app.
  5. 5 Receive the disbursement in your INOVACOOP account in 24 business hours.
Request online

Physical branch

Personal advisory
An advisor guides you through the whole process.
  1. 1 Visit your nearest INOVACOOP branch with your original ID.
  2. 2 Ask an advisor about the "Agrofácil".
  3. 3 Fill in the application form with the required documents.
  4. 4 Sign the physical promissory note and contract with the advisor.
  5. 5 Receive the disbursement by check or transfer the same day.
Visit a branch
Full transparency

Rates and fees

Know current rates and costs associated to your loan.

Monthly nominal rate 1.25% monthly
Effective annual rate 15.9% EAR
Debtor insurance 0.35% monthly of balance
Administration fee $8,000 COP monthly
Prepayment No penalty
Late fee Current usury rate

Rates are estimates and depend on your individual credit study.

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