FIRST National Bank Namibia offers innovative ways to help farmers to grow their businesses.
Therefore the bank appointed dedicated regional Agri area managers, who assist the branch managers in providing the farmer with the right support and guidance, and to help him plan for every eventuality.
“Our product offering is specifically tailored for the farmer, because we are committed to help your farming enterprise grow,” said Christo Viljoen, the head of FNB’s Agri Division.
He said easy interaction between farmers and FNB is crucial, adding that the bank provides consistent and convenient ways in this regard.
“We have 51 branches countrywide and should the drive to town be too far, our online banking offers secure transactions via the internet. Cellphone banking offers 24/7 banking options – wherever, whenever. FNB’s inContact notification service is a free SMS or email messaging service, which advises customers whenever any transactions have taken place on their accounts. Our extensive ATM and mini- ATM network offers withdrawal and deposit facilities and other functionalities.”
In addition, Viljoen said payments should be made easy and that is why the FNB Agri cheque account is issued with a cheque book and a Visa Electron Debit card, which can be used to make purchases at retailers or withdraw cash from an ATM.
“FNB’s online banking allows you to pay your creditors, workers and other installment payments electronically. Once these recipients are loaded on online banking, payments can be done via cellphone banking.”
Viljoen said FNB understands that farmers’ businesses require additional finance and offer several credit options.
“The FNB credit card offers low cost and flexible access to credit facilities and the Agri overdraft facility provides working capital for day-to-day expenses.”
The other option is the Agri short-term loan offers credit facilities for a maximum of five years to assist in the establishment of production capacity or other projects that take less than five years to generate an income.
“The medium-term or project loan can also be used for the establishment of production capacity and other projects and has a repayment term of up to ten years, while the long-term loan is a mortgage loan used to finance the purchase of a farm or farmland and capital improvements such as buildings and dams. The loan term is usually between ten and 15 years. WesBank offers vehicle and farming asset (such as machines) financing,” said Viljoen.
He pointed out that FNB can also assist in making surplus cash work harder for the clients.
“We offer an array of investment and savings options that will suit your investment requirements best, such as the call account – allowing immediate access to funds, or the money market investment account. For longer-term investments we offer notice deposit and fixed deposit accounts.” PF