NATSAVE injects financial support in Namwala district

NATSAVE injects financial support in Namwala district

Farmers in Namwala district have started receiving credit facilities from the government owned financial institution – National Credit and Savings Bank (NATSAVE).

The scheme provided under the banner ‘Bunjimi Asset Plus’ has been applauded by Zambia National Farmers Union (ZNFU).

The loan facility offers over K65, 000 to farmers to buy agricultural equipment and enhance productivity.

Kalondwe Sakala , ZNFU Namwala office representative said from 16 applications received last year,  one beneficiary has received the funds while three others are yet to.

“The loan is worth K65, 184.70 and is meant to help the farmer buy the forage chopper that will be used in preparing stock feed and maker grapple tractor,” said Sakala, highlighting that applicants under the Bunjimi Asset Plus attach quotation of implements to be bought to qualify for the scheme.

“The other beneficiary wants to buy irrigation machinery at a cost of K15, 000 while the other two intend to use the finances to acquire hammer mills at K28, 000 each.”

ZNFU currently support about 1,000 farmers in Namwala district, though only 300 are active.

The Union also facilitate the supply of inputs under the Lima Credit Scheme to about 150 farmers in the district.

However, ZNFU will not giving out inputs due to some challenges, this year.

Previous More extension workers needed
Next NCZ looks to PPPs to prop up production

About author

You might also like

Africa 0 Comments

Maize Output: Need to reduce cost of business

Maize growing has and remains a very difficult venture such that any incentive such as the new maize price is a motivating factor. There is no better news that elates

Africa 0 Comments

Poultry farmers on warehouse receipt system

Poultry farmers have been encouraged to take advantage of the warehouse receipt system offered under the Zambia Agricultural Commodities Exchange (ZAMACE) to buy maize, soybeans and other non-perishable inputs used

Africa 0 Comments

Sugar exports from Mozambique may increase in the 2015/16 season…

xports of sugar in the 2015/16 season in Mozambique may rise by about 19 percent, reaching 305,688 tons, Mozambican daily newspaper Noticias reported. The newspaper cited figures due to be