The Mbali Nwoko Podcast
Welcome to the Mbali Nwoko Podcast, the leading agricultural podcast on the African continent!
Join us as we bring you exclusive insights from the foremost industry experts and stakeholders in the agricultural sector and its value chain.
The podcast features a diverse range of guests, including farmers, scientists, agronomists, researchers, economists, investors, and policymakers, among others.
Our mission is to inspire, educate, and inform our listeners about the business of farming and agriculture, and to help them stay up-to-date with the latest trends, innovations, and challenges in the industry.
Your host, Mbali Nwoko, is a multi-award-winning South African farmer, keynote speaker, columnist, and agri entrepreneur, who brings her wealth of experience and expertise to every episode.
So tune in (biweekly) on this exciting journey of discovery and growth in the world of agriculture!
The Mbali Nwoko Podcast
EP 62 I Glantine Mashile: Overcoming barriers to finance in agriculture
In conversation with Glantine Mashile, MD of Geekay Agribusiness.
Glantine shares invaluable insights on the challenges farmers face in securing loans from retail banks, particularly for black and emerging farmers. He emphasises the importance of proper business structuring, compliance, and record-keeping to become bankable.
We discuss the types of capital available, including loans from retail banks and grant funding, and the common hurdles farmers encounter, such as lack of knowledge about financial products and stringent compliance requirements. Glantine outlines the critical factors banks consider when approving loans, including the purpose of the loan, the amount, security, repayment plans, and management quality.
The conversation also touches on the volatility of the vegetable production sector and the difficulties in obtaining financial assistance compared to more regulated industries like grain or long-term crops. Glantine advises farmers to manage their credit life, keep detailed records, and seek expert advice to mitigate risks and improve their chances of securing funding.
Visit: https://geekay.co.za/
Contact: info@geekay.co.za
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Email info@mbalinwoko.com
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