NMB spearheads agric credit insurance product

NMBZ Holdings has secured more than US$185 million in credit lines and is finalising an additional US$70 million, which is expected to further support lending growth.

NMB Bank (NMB) says it is in discussions with local insurance firms to develop a credit insurance guarantee aimed at improving farmers’ access to finance.Advertisements The move follows persistent collateral challenges, which continue to hinder lending to farmers. NMB Bank divisional executive Erasmus Bhunu confirmed that the bank is working with three insurers to develop…

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