Other Products & Services Other

The Agricultural Bank of Namibia Act, (Act No. 5 of 2003) and more specifically Government Notice No. 109 of 2006, defines the following activities to be financed by the Bank, in addition to the Bank’s existing product portfolio:

  • Fish farming
  • Harvesting and processing of natural vegetation
  • Forestry
  • Guest farms
  • Insect raising and control
  • Primary processing of plant and animal products not covered by the processing of food or naturalfibers as contemplated in the definition of “activity related to agriculture”
  • Game farming and hunting
  • The use and maintenance of installations, machinery and implements used for agricultural purposes
  • The processing, storage and transportation for agricultural purposes

Requirements

  • Applicants must have a clean credit record.
  • Applicants can either be full or part time farmers.
  • Applicants should be Namibian citizens.
  • Applicants must provide a business plan.\
  • Agribank offers flexible installment options to suit client’s financial needs. The available installment options are: monthly, quarterly, biannual or annual.
  • Loans are granted against security of fixed property, investment or any other acceptable form of security (fixed deposits, investments and surrendering value of policies).
  • Applicants must provide a quotation from registered supplier/dealer.
  • Companies or co-operatives should provide audited financial statements, certificate of registration, association agreement, shareholders or directors of the company and must have a registered Auditing Firm.


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