KABANDA CHULU, Lusaka
RABOBANK Foundation, in collaboration with a global asset-based financial solutions provider, De Lage Landen (DLL) Financial Services, intends to expand its micro-leasing programme from Rwanda and Kenya to Zambia.
DLL Global account manager Chris Nagle and sustainability officer Michael Rinaldi disclosed the development of a feasibility study on micro-leasing in Zambia to the Embassy of Zambia in Washington DC, United States of America.
“DLL seeks to empower entrepreneurs in emerging markets to gain access to low-cost assets that act as collateral and reduce risk, which in turn enhances the entrepreneurs’ earnings while also stimulating economic growth,” Mr Nagle said in a statement issued by first secretary for press and public relations at the Zambian Embassy.
DLL, a global vendor finance company with €30 billion in assets, will introduce micro-leasing and increase access to financing in Zambian economic sectors such as agriculture, construction, transportation, health care, and technology.
And Mr Rinaldi said DLL is preparing an exploratory visit to Zambia to study the opportunity of micro-leasing as a financial product for Zambian micro- finance institutions (MFIs).
He said the study will engage relevant stakeholders and will be carried out in October this year to gain feedback on the strategy.
Earlier, Zambia’s charge d’affaires at the Embassy in Washington D.C, Joseph Chilaizya, says the country has several development needs which DLL can support through expansion of its micro-leasing programme in the country.
Mr Chilaizya said President Lungu’s call to investors in Zambia is to help the country add value to its products, which DLL could do by providing financing to small-scale businesses.
Founded in 1969 and headquartered in Eindhoven, the Netherlands, DLL is a wholly-owned subsidiary of Rabobank Group.
It partners with equipment manufacturers, dealers and distributors in more than 30 countries to support their distribution channels and help grow their businesses.