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Chase Bank, John Deere in deal to offer farm equipment loans
From right: Chase Bank head of agribusiness banking Samuel Ndonga, John Deere Financial managing director Jacques Taylor, John Deere vice president for international finance Steve Owenson, and Tata Africa managing director Thami Mbele during the signing of financial agreement for farm equipment on February 24, 2015. PHOTO | COURTESY
Farmers are set to benefit from affordable loans that will see them acquire latest farm equipment and technology to boost their yields.
This follows an agreement signed Tuesday by Chase Bank, US-based farm equipment maker financing arm John Deere Financial and local dealers –Tata Africa and Mascor– that will give commercial farmers and mechanisation contractors access to credit.
