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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?zm 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. ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* *LATEST: itel S24 (128) $124; S24 (256GB) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- 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*
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