Finance for Farmers
Sources of Finance for Farmers
The main objective of the web-page is to be a one-stop source web-page for all farmers, agribusinesses or individuals interested in accessing financial service institutions for agricultural related business. It will provide information about various programmes, services and products offered by financial institutions, correspondingly the contact details of different financial institutions, criteria for funding and application processes will be provided.
Let us assist you in finding sources of funding for your agricultural needs, and guide you through the process.
To find information about the products/services from various financial institutions, download the booklet here.
GOVERNMENT INSTITUTIONS
- Western Cape Department of Agriculture
- Department of Trade and Industry
- Department of Small Business Development
DEVELOPMENT FINANCE INSTITUTIONS
- Land and Agrarian Development Bank of South Africa
- Industrial Development Corporation
COMMERCIAL BANKS
- First National Bank
- Standard Bank
- Nedbank
- Absa Bank
DEVELOPMENT AGENCIES
- Small enterprise finance agency
- National Youth Development Agency
- Small Enterprise Development Agency
- Masisizane Fund
- Enablis
- NEF
- IDF
AGRICULTURAL COMPANIES
- Kaap-Agri (Pty) Ltd
- Capital Harvest
- Unigro
- Hortfin
- BKB
General documentation required by financial institutions before processing a loan application
- Business plan
- Organogram of management and staff
- Latest financial statements or, a written confirmation of earnings from an accountant if financial statements are unavailable.
- Management accounts (required upfront should financial statements be older than six months)
- Projected balance sheets, income statements and cash flow
- CC/Company/Trust agreement details (including Founding Statement, Memorandum and Articles of Association, Certificate of Incorporation, Certificate to Commence Business and Trust Deed (whichever applies)
- Personal bank statements (last three or six months depending on financier)
- Business bank statements (last three or six months depending on financier)
- Lease agreement if applicable
- Copies of contracts secured, if any
- Share certificates and Compliant tax status
- Debtors and creditors age analysis
- CVs of business principals
- Copies of ID and marriage certificates
- Proof of physical address
- Full description of fixed property together with a six month bond statement
- Disclosure of any claims, attachments, etc. by other financial institutions
Mr Mzwanele Lingani
Mzwanele.Lingani@westerncape.gov.za
021 808 5317
Ms Ziyanda Mtshiselwa
Ziyanda.Mtshiselwa@westerncape.gov.za
021 808 5419
Access to credit at the right time is a cornerstone for building better living conditions for farmers and growth of agribusinesses by ensuring profitability of their operations. Expenditure on agricultural production can be quite expensive and for those farmers who are not very well established, financial injection is needed.
Agricultural production can thus be financed in two ways; in a form of grants or incentives and through loans. Farmers and agribusinesses can approach financial institutions for loan applications or grants in order to cater for their farm business needs i.e to purchase agricultural implements, high quality seeds, fertilisers, storing/cooling facilities, etc.
