Name of the Organization : The Agricultural Bank of Namibia
Type of Facility : Production Loan
Country : Namibia
Applicable For : The Agricultural Bank of Namibia Account Holder
Website : https://agribank.com.na/
Production Loans :
At Agribank, we provide local solutions to every farmer’s needs with tailor-made facilities at competitive interest rates. Agribank will be there for you at all stages of the production process because we believe that your success is our success and ultimately that of the whole nation.
Related : Agricultural Bank Loan Consolidation Facility Namibia : www.statusin.org/6664.html
Agribank offers a production loan facility to grow your business to create wealth today for prosperity tomorrow. A production loan facility can be used for the acquisition of seeds, fertilizers, herbicides and pesticides, weeding, fuel and oil, transportation costs, wages for temporary workers, lease of grazing, licks, veterinary medicine, horticulture and micro-irrigation.
The loan is repayable in one year and it can be revolved for 5 years. The facility is available to both full and part time farmers and the applicable interest rate is 4% for communal farmers and 8.50% for commercial farmers.
Requirements:
** Applicants must have a clean credit record.
** Applicants should be Namibian citizens with valid identification, passport or drivers license, and marriage certificate if applicable.
** An income and expenditure statement and if applicable a business plan must be provided.
** The production loan facility is granted against security of fixed property (mortgage bond) or any other acceptable form of security. The bank will grant the loan for 80% of the valuation of the security.
** Quotations from registered dealers/suppliers must be provided.
Contact us for further information :
Product Enquiries:
Mr. John Ntemwa:
Business Consultant
Caprivi Branch
MAIL: jntemwa [AT] agribank.com.na
TEL : 066252060/2
Mr. Dusken Manyando Mungalisa:
Sales & Services Consultant
Rundu branch
MAIL: dmungalisa [AT] agribank.com.na
TEL: 066255113
Mr. Jonathan Maharero:
Sales and Services Consultant
Southern branch(mariental)
MAIL: jmaharero [AT] agribank.com.na
TEL: 063 242734
Mrs. Maureen Kamerika:
Sales & Servises Consultant
Otjoreku branch (otjiwarongo)
MAIL: mkamerika [AT] agribank.com.na
TEL: 067304497
Mr. Frans Arnold Nanuseb:
Sales & Services Consultant
Otjoreku branch (otjiwarongo)
MAIL: fnanuseb [AT] agribank.com.na
TEL: 067-304497
Mr. Evans Simbuwa Mwangala:
Sales & Services Consultant
Oshakati branch
MAIL: emwangala [AT] agribank.com.na
TEL: 264 65 22 1113
Mr. Innocent Kwenani Simasiku:
Business Consultant
Midland branch
MAIL: isimasiku [AT] agribank.com.na
TEL: 061207 4261
Mr. Mekupi Hengari:
Consultant
Midland branch
MAIL: mhengari [AT] agribank.com.na
TEL: 0612074281
About Us :
Agribank is a State-Owned Enterprise with the mandate to promote the growth and development of agriculture through affordable and innovative financing. Agribank has been operating in Namibia for over 25 years.
Agribank Act No. 5/2003, as amended, provide the legal framework for regulating the business of the bank and to expand the business operations to be responsive to the changing environment. The Act mandates Agribank to advance money to persons or financial intermediaries to promote agriculture and activities related to agriculture.