Stanbic Bank Partners with John Deere Financial & Afgri Equipment

The partnership strives to further empower agricultural entrepreneurs
Stanbic Bank Partners with John Deere Financial & Afgri Equipment
Stanbic Bank Botswana Head of Secured Lending, Wabo MoswateSource: Stanbic Bank Botswana

7 October 2020

GABORONE – Stanbic Bank Botswana remains resolute in facilitating sustainable impact in the journeys of entrepreneurs through strategic partnerships that drive growth. The Bank's Vehicle and Asset Finance (VAF) team has introduced a new partnership with John Deere Financial, a leading corporation that manufactures agricultural, construction, and forestry machinery and AFGRI Equipment, the largest John Deere equipment distributer and dealership in the Southern Hemisphere. This partnership affords Batswana the opportunity to purchase John Deere farming equipment with competitive terms.

Said Stanbic Bank Botswana's Head Secured Lending, Wabo Moswate, "As Stanbic Bank Botswana we pride ourselves in being a true partner to Batswana, creating solutions tailored to their needs. We do this because we believe that our customers have dreams, and we wish to turn them into reality. This new partnership will empower entrepreneurs to further develop their businesses because with Stanbic Bank, It Can Be. Through the John Deere Financial partnership we make farming equipment that much more accessible for our customers."

The partnership between Stanbic Bank, John Deere Financial and AFGRI Equipment Botswana further demonstrates the Bank's commitment to empowering Botswana's entrepreneurs. Agriculture continues to play an integral role in the National economy, contributing millions to Botswana's Gross Domestic Product (GDP). Investment in agriculture remains paramount as we work to diversify the economy from mineral dependence.

Concluded Moswate, "We are excited to be a part of this game changing initiative that truly drives the growth and prosperity of our great Nation. The competitive terms that come with this partnership will go a long way in helping our local entrepreneurs in agriculture. The Bank remains wholly committed to improving and accelerating lives of Batswana".

ENDS.

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