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1. What does TIAST offer?
TIAST partners with interested parties (individual farmers, companies and entrepreneurs) to set up a cassava starch processing factory. TIAST guarantees a financial leasing of 70-80 per cent of the total factory cost for the partner. TIAST also offers the most reliable and convenient localized aftersales services, which includes an on-site technical engineer and maintenance services. We also offer quick OFFTAKE services for the processed starch.
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2. Aside cassava starch, can you do other processing factories?
TIAST can set up all processing lines, but the financial and offtake services is focused on the cassava starch and rubber processing factories, as well as sweet potato starch.
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3. Will Stanbic demand a collateral for the loan?
TIAST guarantees the loan, so there is no collateral needed.
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4. Can I use my land as collateral for the payment of the 20 per cent?
No, the equity must be cash. However, clients may use the land as collateral to acquire the loan from investors.
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5. What is the total land needed for plantation?
The total land needed for plantation is dependent on the capacity of the factory. It ranges from 2,000 acres and above.