NDB loans out P110m to farmers

NDB CEO, Lorato Morapedi explained that this was a P30 million increase from the previous year when they loaned out P80 million.

The CEO and her team on Friday took the local media houses around the Mosisedi farms in Borolong, where the bank has assisted 18 farmers. Contrary to some perceptions that the NDB was unable to loan funds to farmers, all the farmers that the media spoke to hailed the NDB’s speedy response to their financial needs. In fact, they said they do not have to go to the bank and queue for the funds, instead the the bank come to them, help them make loan applications on the spot, and within a day or two, the funds report on their cell phones.