Sakaria Nghikembua

Agribank disburse over N$246 million worth of loans

Agribank disburse over N$246 million worth of loans

Staff Writer Agribank disbursed N$246 million of loans in the financial year ended 31 March 2020 and of this amount, more than N$21 million was paid exclusively to female clients, while N$52 million went to the youth (below 40 years of age). According to the bank’s latest financials, Agribank also extended funding worth over N$15 million to communal farmers without collateral, while over 8-thousand farmers countrywide benefitted from training and mentorship interventions during the same period. “The Bank continues to deliver credible financial performance as its loan book grew by 11 percent to N$3.01 million in 2020 from N$2.8 million…
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