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Value chain finance/Zambia – Zanaco, John Deere and ZNFU launch asset finance scheme

14 September 2015

Zanaco bank in partnership with John Deere Financial and the Zambia National Farmers Union (ZNFU) launched an agriculture asset finance scheme. Officially launching the scheme, the Provincial Agriculture Coordinator (PACO), lauded the innovative agricultural asset finance package which has brought renewed hope of mechanizing the agricultural sector. The PACO applauded the asset finance which is customized to meet the sector requirements such as need for convenient and flexible loan repayment structures and customized solutions for emerging commercial farmers and part-time contractors. According to John Deere’s Territory Manager, he assured farmers that the company was committed in providing trainings and on-going after-sales support to all beneficiaries. In addition, the Zanaco Bank Relationship Manager, he attested to farmers that the asset finance package is coming in with a flexible lending period and competitive interest rates, besides a committed team ready to deliver to expectation.




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