Supporting Namibian farmers

In collaboration with John Deere, Bank Windhoek's Vehicle and Asset Finance (VAF) Branch will offer John Deere equipment to agricultural producers through a specially designed farming deal exclusive to Bank Windhoek customers. The initiative is valid until the end of August 2021. The agreement allows farmers to finance quality tractors, seeders, harvesters, and other farming equipment for their operations.

“We believe this initiative will empower Namibian farmers to become sustainable in producing animal fodder and streamline the efficiency of their production. The goal is for the farmers to thrive in Namibia's farming environment, which contributes significantly to the nation's gross domestic product," said VAF's Branch Manager, Sandra Blaauw.

The financing opportunity entails a 15 percent deposit, three-Month Payment Holiday, and 60 Months Repayment Terms. “It is the Bank's way of extending a helping hand to any farmer in Namibia, whether small scale or commercial farmers," she said.

John Deere is an American corporation that manufactures agricultural, construction, and forestry machinery.

Continued farming sector support

As a responsible corporate citizen, Bank Windhoek has implemented various measures to assist Namibian farmers as they continue to recover from the drought experienced over a couple of years. From a customer perspective, an internal committee was established to look at commercial and communal farmers' exposures. The committee's task is to find innovative ways to mitigate the impact of the loss of income on the farmer's financial obligations. “Farmers are urged to get in contact with their respective Branch Managers to seek mutual solutions," said Blaauw.

Blaauw said that Bank Windhoek would strategically focus on stakeholder engagement in the coming months to add value and be a connector of positive change within the farming sector. “We believe that this cements our commitment as a relationship-driven bank, which puts its customer's needs first during their financial journey," she concluded.

For more information, farmers can contact Marinda Blaauw on Tel: +264 61 299 0426 or send an email to Alternatively, farmers can contact the Bank's Customer Contact Centre on Tel: +264 61 299 1200. 

Capricorn Group(CGP) Share Price:   
Currency Exchange Rates to N$: