AB Bank Zambia aids SME obtain agribusiness loans

SUN BUSINESS REPORTER writes

@SunZambian     

MEDEEM and AB Bank have signed a deal to enable use of its traditional land certificate known as ParcelCert as a required by Small and Medium Enterprises to access financing to develop their agriculture business.

And Medeem business development manager Musenge Nsakilwa, said his company was delighted to sign the MoU with AB Bank as it would enable its clients to not only have formal documentation to the land they occupied but also have access to financing that would help boost their agriculture businesses.”

Speaking during the signing ceremony, AB Bank chief credit officer Nurullo Mashrabov said the Bank targeted the unbanked people in Zambia who may not have easy access to financial services from traditional financial service providers.

Medeem and AB Bank were trying to support farmers and SMEs who hadtraditional land and were registered with Medeem to have access to financial services which will enable them to improve their businesses and agricultural activities.

Medeem Zambia, is a land rights documentation company whose mission is to provide affordable, accessible, sustainable solutions for land tenure documentation and promote security of land tenure, serving those at the bottom of the economic pyramid.