AFFIRMATIVE ACTION LOAN SCHEME (AALS)

The Affirmative Action Loan Scheme (AALS) is designed to support emerging commercial farmers, particularly those from previously disadvantaged communities, as part of Namibia’s land reform program. This initiative enables eligible individuals to acquire farmland in commercial areas, contributing to inclusive agricultural development.

Loan Features

  • Loan Term: Up to 25 years.
  • Security: Loans secured by a mortgage bond.
  • Repayment Terms:
    • Full-time Farmers:
      • Years 1 - 3: No interest or capital repayment.
      • Year 4 - 25: Repayment with escalating interest.
    • Part-time Farmers have two options:
      • Pay only interest in the first 3 years, then repay over 22 years.
      • Capitalize interest for 3 years, then repay full amount over 22 year

Eligibility Requirements

To qualify, applicants must:
  • Own or plan to acquire at least:
    • 150 large stock, or
    • 800 small stock, or
    • Equivalent to 35% of the official carrying capacity of the farm.
  • Or demonstrate financial ability to acquire such livestock.


Application Requirements:

  • Applicants must provide a business plan.
  • Deed of sale, Purchase agreement or Offer to purchase.
  • Copy of certificate of waiver or Letter of exemption from the Ministry responsible for lands.
  • Copy of the Title Deed of the Farm to be sold
  • Last Will and Testament (if seller is an estate late).
  • Proof of 10% contribution by the applicant.
  • Others: Refer to general requirements page

Click to download Scheme and Application form
Date:
23 Jul 2025
Title:
AB Affirmative Action Scheme
Date:
18 Jul 2025
Title:
Communal Application 2025_25.02.2025_v1Feb2025.pdf

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FAQ

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). read more

Does Agribank also provide personal loans?

No, Agribank is not a commercial bank. read more

Does Agribank provide loans to first time farmers?

Yes, Agribank can assist you to start farming. read more

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