Business

Bank, 3 agro-firms partner for small-scale farmers

TRYNESS MBALE, Lusaka
A CONSORTIUM of agricultural and financial institutions has come up with an alliance which will enable emerging farmers access finance.
The firms involved in this alliance include John Deere Financial a subsidiary of Deere and Company, Zanaco Bank, Zambia National Farmers’ Union (ZNFU) and Afgri Zambia.
Under the alliance, customers of Afgri Zambia will receive unique finance solutions to acquire John Deere equipment.
Zanaco, ZNFU, Afgri and John Deere Financial, a wholly-owned subsidiary of Deere and Company, formed the alliance to emerging famers have access to finance.
“We are pleased to introduce John Deere Financial as a dedicated solution to meet your finance needs for the acquisition of John Deere equipment,” reads the ZNFU Friday brief obtained by the Daily Mail on Monday.
The ZNFU says the benefits of financial services are access to professionals who understand John Deere equipment, access to a broad range of financial structures, flexible payment options and competitive rates through the alliance with Zanaco.
Other benefits are competitive interest rates subsidised with up to three percent, access to a team of professionals at Zanaco and Afgri providing a one-stop shopping experience, immediate access to required assets, release of working capital, asset-backed finance, and finance complete planting package for 2015/16 season, among others.



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