Name of the Organization : The Agricultural Bank of Namibia
Type of Facility : Purchase of Farmland
Country : Namibia
Website : https://agribank.com.na/
Purchase of Farmland:
Purchasing of farmland is a center for economic development. Loans are made available for the purchase of farmland and/or additional land for agriculture-related activities that is instrumental in adding real enterprise value to the national economy.
Related : Agricultural Bank Labourers Housing Namibia : www.statusin.org/6668.html
This package is tailored to the wellestablished commercial farmers to ensure a well-developed and productive utilization of the land for food security and job creation. Loans are granted against security of the mortgage bond and repayable over a period of 25 years for farmland and 20 years for additional farmland.
Requirements:
** Applicants must have a clean credit record.
** Applicants can either be full or part time farmers.
** Applicants should be Namibian citizens.
** Applicants must provide a business plan.
** Agribank offers flexible installment options to suit client’s financial needs. The available installment options are: monthly, quarterly, bi-annual or annual.
** Loans are granted against security of fixed property (mortgage bond) or any other acceptable form of security (fixed deposits, investments and surrendering value of policies). The bank will grant the loan for 80% of the valuation of the security.
** Applicants should provide a contract of purchase.
** Companies should provide audited financial statements, certificate of registration, shareholders or directors of the company and must have a registered auditing firm.
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
FAQs :
What type of security must I provide for a loan at Agribank?
Loans are granted against security of fixed property, investment or any other acceptable form of security (fixed deposits, investments and surrendering value of policies).
Does Agribank also provide personal loans?
No, Agribank is not a commercial bank.
Does Agribank provide loans to first time farmers?
Yes, Agribank can assist you to start farming.
How many times in a year do I have to control parasites?
Controlling parasites in any area/farm would depend on the their prevalence and infestation.
These will differ between seasons and geographical locations because parasite prevalence and infestation is influence by the prevailing environmental conditions (e.g. hot, cold or wet conditions), and also livestock management practices (e.g. kraal and water hygiene) .
It is therefore advisable to be on the lookout for parasite prevalence and infestation during any prevailing environmental condition. Normally, a minimum of two times in year is advisable, before and after the rainfall season for both internal and external parasites.