Posted on March, 29, 2019 at 09:45 am
SMALLHOLDER farmers, agro-dealers and processors in Lindi region have been requested to use NMB Bank Plc’s services and products available in all the five districts of the south eastern coastal region.
NMB Southern Zone Manager, Janeth Shango said in Lindi earlier this week while making a presentation at a regional business and investment forum, that the bank has room for various groups and individuals to open accounts and deposit their money, borrow money and get advice on business and investment basics.
“When you deposit money with us, it will not only be safe but also earn interest rate at different periods of the year,” Shango said while pointing out that the bank has a variety of products and services good to businesses and investors.
She said by maintaining individual or group accounts with NMB, clients also stand a chance to get affordable loans easily which they can invest to grow their businesses further. “We at NMB want to see Lindi region grow, its small businesses graduate into companies while subsistence farmers graduate into commercial farmers,” the Southern Zone Manager noted.
She further noted that NMB has invested heavily in agriculture and agro-processing in all regions of the country because the bank’s leadership backs government efforts to modernise farming and develop the industrial sector.
“At NMB we issue loans of all sizes based on needs ranging from micro, small, medium and large scale commercial farmers. But we also have loans for agro-dealers, agro-processors and transporters,” she underlined.
Speaking at the same forum, the bank’s Senior Agribusiness Manager, Carol Nyagoro said business people and the general public can access the bank’s services from five physical braches in the region and 105 agents.
“But we also have dozens of automated teller machines which provide services in all the five districts of the region,” Nyagoro said while noting that so far 450bn/- has been given as loans to agribusinesses out of the allocated 500bn/- this year.
“We still have money available for farmers and agro-dealers to borrow at reasonable interest rates,” he added saying the Dar es Salaam Stock Exchange listed bank has a 30 percent stake belonging to Treasury.
Source: IPP Media