NDB loans out P110m to farmers
Monday, March 30, 2015
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.
In fact, early election results in some areas across the country, speak to large voter turnout which suggests that voters crowded at polling stations to decide appropriately. The Independent Electoral Commission (IEC) revealed that 80% of the 1,037,684 people who had registered to vote turned up to exercise their right.It’s unfortunate that at the time of cobbling this editorial comment, results had just started trickling in. We recognise that...