Akwandze Agricultural Finance

Economic research done over the years has established that sugar cane production is important to the local economy and with regards to job creation. Without appropriate financial services, production of of this precious commodity could be compromised.

Research also shows that medium scale and small scale grower production is critical in terms of BEE,agri-BEE and other BEE initiatives.The missing link in this scenario is that there are not too many financial institutions in this sector who provide adequate services,critical support and guidance.

Akwandze Agricultural Finance Proprietary Ltd is a sugar cane development finance organisation.This organisation seeks to source and negotiate the best terms and manage development finance funds for cane growers and contractors within the sugar cane production value chain. Akwandze provides financial services to growers, with a focus on cane production and irrigation infrastructure, and to contractors for short term working capital requirements. Akwandzes key drivers are therefore fund sourcing and terms, volume, minimising costs and maximising recoveries.

Akwandze also has a strong loans team, comprising a Loans Manager and Loans Officers. The Loans Officers work with growers at field level monitoring the progress of clients on a daily basis. Problems are identified at an early stage and remedial action is taken if necessary. In this manner bad debts have been limited to less than 0.01% of withdrawn loans since inception.In addition to loans Akwandze administers a savings scheme (crop proceeds retention scheme) whereby growers can save for their forthcoming management needs.

Akwandze agricultural finance can be contacted on 0137911000.