Botswana - Apply for Temo Bokamoso Loan

ProcedureEdit

Apply In-Person

The National Development Bank has introduced various financial assistance interventions like Temo Bokamoso Loan, the loan facility is sought for integrated crop farming. NDB contact details.
Interested applicants should visit the nearest NDB branch office, and express their interest in assessing the loan to the Sales department unit.
Collect and complete the Temo Bokamoso Application Form or download it via the NDB website Forms or directly download it using this Temo Bokamoso Application Form Link
Submit the certified copies of the supporting documents as mentioned under the “Required Documents” section of this page, in addition to the duly completed application form in all respect to the NDB sales department office/unit. Any omission of these documents will render the application process incomplete.
Upon receipt of the application file, the NDB receiving officer will verify if all the necessary information and documentation has been provided and that the applications comply with the selection criteria before registering the application file for assessment and consideration by the NDB sales department unit.
The application will be processed as per the information and documentation provided, that is why applicants are advised to provide sufficient information to enable the NBD sales department unit to evaluate the business/company and make its decision.
Notice of the decision (Approval, Deferral, or Rejection) for the Loan will be communicated to the client in writing /phone/email.
If the funding is approved, the applicant will be required to visit the NDB office, where the application was lodged, and produce a proof of identity document to be validated by the authorized official. The borrower shall be made to sign a contract with NDB.
The Access of the loan by the applicant once approved, is normally subjected to pre-disbursement conditions as the NDB deems fit, once all these conditions have been fulfilled, the loan can start disbursing in accordance with the implementation schedule agreed with the applicant (borrower).

Required DocumentsEdit

Two (2) certified copies of National Identity Cards (Omang), for all Batswana applicants, all Shareholders, and Directors. Two (2) certified true copies of passports (for non-citizens).
Evidence of Waterpoint/ Borehole completion certificate and water rights certificate, if horticulture.
Title Deed/ Registered Lease or land Certificate.
Current Payslips for both applicant and Spouse.
Quotation(s).
Bank Statements for 3 consecutive months.
Employment Confirmation Letter/ Copy of Employment Contract.
Copy of Marriage certificate (in/ out of community of property)/ Decree Absolute.

Office Locations & ContactsEdit

NATIONAL DEVELOPMENT BANK (NDB)
GABORONE OFFICE
Client Relations Director
Regional Managers
Relationship Managers
Sales Executives
Address: Development House Queens Road, Main Mall
P O Box 225,
Gaborone Tel: (+267) 395 2801
Fax: (+267) 397 4446

FRANCISTOWN OFFICE
Regional Manager
Relationship Manager
Sales Executives
Address: Tswelelopele House
P O Box 282, Francistown
Tel: (+267) 241 6044
Fax: (+267) 241 6065

MAUN OFFICE
Regional Manager
Relationship Manager
Sales Executives
Address: NDB Office, Mall
P O Box 453, Maun
Tel: (+267) 686 0316
Fax: (+267) 686 0645

PALAPYE OFFICE
Relationship Manager
Sales Executives
Address: NDB Office, Palapye Development Trust Mall
P O Box 10387, Palapye
Tel: (+267) 492 0552
Fax: (+267) 492 0551

EligibilityEdit

Individuals or companies owned by citizens aged 18 or over.
Applicants should have an active account with the NDB.
Monthly repayments deductible from salary or bank account.
Loan available for salaried and non-salaried individuals (those with other reliable sources of income).
Flexible loan range, from P10, 000 to P500, 000.
Insurance is available for dryland crop production (Agricultural Credit Guarantee Scheme).
Farmers who plow on leased farms can be assisted.

FeesEdit

No fee associate with the service.

ValidityEdit

The maximum repayment period of the loan is 7 years, with Monthly repayments deductible from salary or bank account.

Documents to UseEdit

Temo Bokamoso Application Form

Sample DocumentsEdit

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Processing TimeEdit

Please explain processing time taken in obtaining the document/certificate.

InstructionsEdit

Please provide other instructions related to the certificate/documents.
e.g. The state office holds birth records since January 1908.

Required InformationEdit

Background Information of the Applicant (Individual)
Applicant Employment Status
Spouse Employment Status
Other Income
Existing and Previous Loans with NDB and other Institutions
Crop Production
Other Income
Personal Balance sheet
Security (If Applicable)
Livestock Details
Spouse consent
Declaration by the applicant

Need for the DocumentEdit

The National Development Bank has introduced various financial assistance interventions like Temo Bokamoso Loan, the loan facility is sought for integrated crop farming.
The loan is used to finance the following;

Purchase of seasonal inputs (plowing costs, farm machinery, maintenance costs, etc).
Field development (fencing, de-stumping, etc).
Field purchase. (Only fields with title deeds will be financed).
Purchase of farm machinery & implements (tractors, borehole drilling & equipping, threshers, chaff cutters, etc).
Purchase of farm vehicles, e.g. vans/bakkies, trailers, carts, etc. motor vehicles should not be aged more than 5 years.

Information which might helpEdit

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External LinksEdit

NDB

OthersEdit

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