By AARON CHIYANZO in MkushiPRESIDENT Edgar Lungu has appealed to Financial Institutions to relax the repayment mode for farmers with loans because they have also been negatively affected by various challenges.And President Lungu has said the Bank of Zambia, ministries of Finance and Commerce, Trade and Industry would interrogate the interest rates to see if adjustments could be made.President Lungu said financial institutions should help reduce pressure on farmers because they are going through a tough season characterized by numerous challenges.The President said his administration is aware that farmers are struggling to meet their obligation to financial institutions which has led to some of them to default on loans.“I wish to appeal to financial institutions to relax pressure on farmers. I am aware that farmers are struggling to meet their obligations with the banks because of the challenges they are facing,” President Lungu said.He said Government is striving to address the water and electricity challenges […]
LUNGU PLEADS FOR FARMERS
