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.
Public Relations Officer
For inquiries, kindly contact the Marketing and Communications Division
Tel.: 061 2074355 Email: email@example.com
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