20
May
Staff Writer Agribank has announced that it will offer farmers a 12 month installment holiday as part of the bank’s measures to cushion them against the negative impact of COVID-19. “Qualifying clients of Agribank are not mandated to pay the installment for a period of 12 months from the effective date of the Bank’s COVID-19 Relief and Stimulus package. The installment and the interest applicable to that installment will be capitalized,” Agribank CEO Sakaria Nghikembua said. “Existing arrears will not be capitalized; penalty interest of 1.5 percent will apply on arrears for relief period (down from 2 percent) and installments…