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*Agribank Offers Farmers Loans Based On Collateral And 99-year Leases* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?fy Agribank is offering farmers loans on the basis of collateral and 99-year leases. The bank has set aside a minimum of $105 million for the 2018/2019 cropping season and becomes the first bank to offer loans to farmers with 99-year leases. Reserve Bank of Zimbabwe Governor Dr John Mangudya announced in February that bankers have agreed to accept 99-year leases as collateral after Government made them transferable and bankable. Previously, banks were rejecting leases claiming they were not transferable in the event that a farmer borrowed money and failed to repay. ---------- Pindula is best experienced with the Android App. *Download APK here:* https://zero.pindula.co.zw/media/apps/apks/pindula23.apk _On Econet, Pindula does NOT use your data_ ---------- Agribank chief executive officer Mr Sam Malaba said the bank was restructuring itself in order to better serve and increase lending into agriculture. More: Chronicle itel A50 now available on Pindula at $84 64GB storage, 2GB RAM. _ideal for light usage_ _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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