#Just In: Agribank loan disbursements reach N$284 million
During the financial year ending 31 March 2023, Agribank significantly boosted its loan disbursements, reaching over N$284 million compared to N$194 million recorded in the previous year.
Notably, 564 clients benefited from these loans, up from 440 the prior year.
Land purchases continued to dominate the loan allocations, amounting to N$98.2 million and covering 134 122 hectares in FY2023, a considerable increase from N$55.1 million and 57 965 hectares in FY2022.
Livestock purchases also saw a rise, reaching N$76.8 million in FY2023 compared to N$52.2 million the previous year.
#MarketWatch Online #NMHNews
Notably, 564 clients benefited from these loans, up from 440 the prior year.
Land purchases continued to dominate the loan allocations, amounting to N$98.2 million and covering 134 122 hectares in FY2023, a considerable increase from N$55.1 million and 57 965 hectares in FY2022.
Livestock purchases also saw a rise, reaching N$76.8 million in FY2023 compared to N$52.2 million the previous year.
#MarketWatch Online #NMHNews
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