{"id":852,"date":"2019-01-02T15:52:21","date_gmt":"2019-01-02T15:52:21","guid":{"rendered":"https:\/\/www.africa-press.com\/zimbabwe\/?p=852"},"modified":"2019-01-02T15:52:21","modified_gmt":"2019-01-02T15:52:21","slug":"farmers-bemoan-high-bank-interest-rates","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/economy\/farmers-bemoan-high-bank-interest-rates","title":{"rendered":"Farmers bemoan high bank interest rates"},"content":{"rendered":"<div>Zimbabwe Commercial Farmers\u2019 Union (ZCFU) president Wonder Chabikwa says the interest rates for agricultural loans have been going up since the dollarisation of the country\u2019s economy, rendering the facilities unattractive to farmers.<\/div>\n<div><\/div>\n<div>\u201cFarmers are not accessing loans from banks as we can\u2019t afford to remit. Interest rates were ranging from 10 to 18 percent and when we dollarised they went up to as high as 30 percent. This has made the loans very inaccessible. Agriculture is a primary industry, it can\u2019t afford those high interest rates,\u201d he said.<\/div>\n<div><\/div>\n<div>Chabikwa said there was a need for financial institutions to consider reviewing their interest rates so as to promote improved production and profitability of the agricultural industry. \u2014 Farmers Voices<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Zimbabwe Commercial Farmers\u2019 Union (ZCFU) president Wonder Chabikwa says the interest rates for agricultural loans have been going up since the dollarisation of the country\u2019s economy, rendering the facilities unattractive to farmers. \u201cFarmers are not accessing loans from banks as we can\u2019t afford to remit. Interest rates were ranging from 10 to 18 percent and [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":854,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6,11],"tags":[185,116],"class_list":{"0":"post-852","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"category-photo","10":"tag-bank-interest","11":"tag-farmers"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Farmers bemoan high bank interest rates - zimbabwe<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/economy\/farmers-bemoan-high-bank-interest-rates\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Farmers bemoan high bank interest rates\" \/>\n<meta property=\"og:description\" content=\"Zimbabwe Commercial Farmers\u2019 Union (ZCFU) president Wonder Chabikwa says the interest rates for agricultural loans have been going up since the dollarisation of the country\u2019s economy, rendering the facilities unattractive to farmers. \u201cFarmers are not accessing loans from banks as we can\u2019t afford to remit. 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