FNBB Helps Clients Minimise The Impact Of Load-Shedding

FNB Customers.
FNB Customers.

Continuously innovating ways to help customers, First National Bank Botswana (FNBB) recently launched the Generator Finance loan product. The product allows FNBB customers access to finance to purchase power generators for individual or businesses use.

The Generator Finance loan from FNBB comes as solution to help mitigate the impact of power shortage in the country. The power shortages have become a regional phenomenon and it is becoming increasingly difficult to increase power imports so as to support adequate local electricity distribution. As a result, Botswana has undergone some load shedding and blackouts during working hours, which has affected operations of most businesses.

Grace Setlhare Mankanku, Director of FNB Business says, “We believe that this is an appropriate solution as load-shedding is increasingly affecting businesses and consumers, therefore, financing generators will go a long way to helping our customers to plan better”. “It is important for the private sector to support efforts to minimise the impact of energy constraints on businesses as well as consumers.

From an FNBB perspective, our long-term objective is to enable clients to easily access alternative energy solutions, including solar and gas, to reduce pressure on the national grid while boosting productivity among businesses and consumers,” concludes Mankanku.

FNBB said this product is another testament to their customer-centric approach in conducting business.

The Bank remains committed to providing excellent, relevant and friendly customer service with every product offering. With Generator Finance, the Bank has put in place a flexible and easy payment terms to increase affordability.

Although the normal term loans process will prevail, it must be noted that customers will be required to bring a valid quotation from a reputable supplier.

Editor's Comment
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