Home
About
Contact
Register
Login
Generate
WhatsApp Message
*Agribank Offers Farmers Loans Based On Collateral And 99-year Leases* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ro 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. ---------- Latest itel A06 on Pindula: 32GB storage, 4GB RAM $69 USD WhatsApp: +263715068543 Calls: 0772464000 ---------- 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 _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
Copy to clipboard
Feedback