session iii ii patrick zanaco
TRANSCRIPT
A PRESENTATION BY THE ZAMBIA NATIONAL COMMERCIAL BANK PLC
A PRESENTATION BY THE ZAMBIA NATIONAL COMMERCIAL BANK PLC
AgriBusiness Forum 2010 | 3 – 6 October 2010 | Kampala, Uganda.
Emergent Farmers Finance Programme
By Patrick Mutenda
Zambia National Commercial Bank PLC
Zambia
A PRESENTATION BY THE ZAMBIA NATIONAL COMMERCIAL BANK PLC
AgriBusiness Forum 2010 | 3 – 6 October 2010 | Kampala, Uganda.
Zanaco
Objective
Zambia – Agricultural Financing Landscape
Limitations of Access to Finance
Solutions & Partnerships with the Private Sector
Technical Support
Programme Evaluation
Lessons Learnt
Contents
A PRESENTATION BY THE ZAMBIA NATIONAL COMMERCIAL BANK PLC
AgriBusiness Forum 2010 | 3 – 6 October 2010 | Kampala, Uganda.
Created in 1969 as 100% Government of Zambia (GRZ) owned
Universal bank (Corporate/Retail)
Privatized in April 2007
Listed on Lusaka Stock Exchange in November 2008
Ownership;
o Public – 25%
o GRZ – 25%
o Rabo Bank – 46%
o ZNFU (Zambia National Farmers Union) – 4%
Zanaco: “the people’s bank”
A PRESENTATION BY THE ZAMBIA NATIONAL COMMERCIAL BANK PLC
AgriBusiness Forum 2010 | 3 – 6 October 2010 | Kampala, Uganda.
The main objective of the Programme is;
A model, to provide commercially based access to finance andagri support services to a class of farmers unable to accessbank finance.
Criteria;
Emerging farmers with proven entrepreneurial skills
Track record
minimum farming sizes (10 Hectares for croping farmers)
and assets
Objective
A PRESENTATION BY THE ZAMBIA NATIONAL COMMERCIAL BANK PLC
AgriBusiness Forum 2010 | 3 – 6 October 2010 | Kampala, Uganda.
A PRESENTATION BY THE ZAMBIA NATIONAL COMMERCIAL BANK PLC
AgriBusiness Forum 2010 | 3 – 6 October 2010 | Kampala, Uganda.
Bankable production
Agri corporates
Commercial Farmers
Emergent Farmers
Small Scale Farmers
Supply chain finance Bilateral contracts
A PRESENTATION BY THE ZAMBIA NATIONAL COMMERCIAL BANK PLC
AgriBusiness Forum 2010 | 3 – 6 October 2010 | Kampala, Uganda.
Low Yields to inadequate Agronomic Skills.
Lack of Adequate Financial Management Skills
Poor Record Keeping.
Limitations In Accessing Finance
A PRESENTATION BY THE ZAMBIA NATIONAL COMMERCIAL BANK PLC
AgriBusiness Forum 2010 | 3 – 6 October 2010 | Kampala, Uganda.
Solutions - Improving Access to Finance
In 2008 - Zanaco partnership with;
Rabo Bank
ZNFU – Zambia National Farmers Union
IFC – International Finance Corporation
A PRESENTATION BY THE ZAMBIA NATIONAL COMMERCIAL BANK PLC
AgriBusiness Forum 2010 | 3 – 6 October 2010 | Kampala, Uganda.
Fertilizer companies & agricultural lime companies
Agri chemical companies
Farmers Associations like
Co-operatives, Dairy Processing Companies, etc.
Crop Insurance companies
Business Training
Technical Support Services
A PRESENTATION BY THE ZAMBIA NATIONAL COMMERCIAL BANK PLC
AgriBusiness Forum 2010 | 3 – 6 October 2010 | Kampala, Uganda.
Programme Evaluation
A PRESENTATION BY THE ZAMBIA NATIONAL COMMERCIAL BANK PLC
AgriBusiness Forum 2010 | 3 – 6 October 2010 | Kampala, Uganda.
Needs specific banking products unique to client segments
Inherent bureaucracy in obtaining title to land
Literacy levels impact the pace
Full private sector participation
Ensuring that the right partners are on board
Lessons learnt
A PRESENTATION BY THE ZAMBIA NATIONAL COMMERCIAL BANK PLC
AgriBusiness Forum 2010 | 3 – 6 October 2010 | Kampala, Uganda.
Zambia should be a bread basket
Lots of land
Fertile Soils
Good water resources and availability if irrigated
Reasonable rains nation wide
Good banks
Good farmers