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.