08 Feb 2022
Namibia’s premier agricultural lender, Agribank, is delighted
to inform the public that the recently launched biomass value chain financing
scheme, is now available to the public. This special scheme is aimed at meeting
the strategic objective of loan book diversification coupled with the Banks
mission to continuously offer innovative agricultural financing solutions.
The Biomass industry has the potential to improve the
streamflow of underground water, refine rangeland productively, create
sustainable employment and serve as an opportunity for farmers to diversification
revenue streams. In addition, the
industry will promote climate smart agricultural practices.
Under the Biomass value chain financing scheme, an
applicant (legal entity or individual) 1) can be the owner of the farm or
leasing a farm from which he/she can harvest biomass to produce charcoal. 2) can
be a processor who buy in charcoal to process and pack for the end market (i.e
retail shops/ restaurants or export/import companies for charcoal. Both
applicants are required to have a permit from the Ministry of Environment,
Tourism and Forestry, in order to harvest the biomass for charcoal.
For charcoal producers, the facility offers loans for
working capital (including food rations for the employees), tractors/trailers,
storage sheds, de-bushing equipment, workers housing including clean water &
sanitation. As for charcoal processors, financing of working capital, general
equipment and vehicles, maintenance workshop, office to operate from, charcoal
processing plant, warehouse and equipment is offered.
For more information, and to apply for the biomass
financing scheme, applicants, can visit any of the Agribank’s offices
countrywide, or the Bank’s website (www.agribank.com.na) or the Biomass Finance Scheme Brochure.
The Bank will continue to play a meaningful
role in ensuring that both communal and commercial farmers have affordable
access to financing, to take
the agricultural sector to the next level.
Issued
by:
Fillemon Nangonya
Public Relations Officer
For
inquiries, kindly contact the Marketing and Communications Division
Tel.:
061 2074355
Email: info@agribank.com.na
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
No, Agribank is not a commercial bank. read more
Yes, Agribank can assist you to start farming. read more