—–The National Credit and Savings Bank (NATSAVE) in partnership with the Zambia National Farmers Union (ZNFU) has empowered chief Nkolemfumu in Kasama district with a tractor worth K140, 000.
And NATSAVE Managing Director, Caphas Chabu, has disclosed that the NATSAVE has set aside K15m to give farmers countrywide through the Bujimi loans facility to enable them procure farming equipment.
Speaking when he handed over the tractor to chief Nkolemfumu today, Mr Chabu said K5m has so far been spent and the remaining K10m is expected to be given out to farmers by March, next year.
He noted that the Bujimi project, which was launched in October, 2013, is expected boost production and productivity in the agricultural sector which is one of the backbones of the country’s economy.
Receiving the tractor, chief Nkolemfumu commended NATSAVE for the gesture, saying the machine will help him increase on the number of hectares.
He appealed to his subjects and other farmers to take advantage of the loan facility to procure various farming equipment.
The traditional leader noted that farming was lucrative if taken seriously and urged those practicing it to work hard.
And Zambia National Farmers Union Regional Manager, Hendrix Kabwe, said the province has received overwhelming response from farmers wishing to acquire the loan facility from NATSAVE.
Mr Kabwe said the region has since handed out one tractor to a Luwingu farmer
and the second one to chief Nkolemfumu.