The objective of the Land Bank Financial Intermediation Loan Project for South Africa is to sustainably scale up Land Bank’s financing, specifically to benefit emerging farmers. The project is a financial intermediary loan (FIL) of US$93 million to Land Bank as the borrower and implementing agency with a guarantee of the Republic of South Africa. The project has one component: a Line of Credit (LOC) for agricultural financing in the amount of US$93 million. The objectives of the LOC component are to: support land bank in refocusing its operations on wholesale lending, and support land bank’s new approach to help integrate emerging farmers into established value chains. To achieve the above objectives, land bank will provide both wholesale finance to participating PFIs for on-lending to commercial and emerging farmers and direct financing, in partnership with large agriculture corporates, to emerging farmers to support their integration in established value chains.
Details
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Document Date
2016/12/29
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Document Type
Project Appraisal Document
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Report Number
PAD1122
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2016/12/31
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Disclosure Status
Disclosed
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Disclosure Type
Simultaneous Disclosure
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Board Meeting Date
2017-01-23T00:00:00Z
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Doc Name
South Africa - Land Bank Financial Intermediation Loan Project
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Keywords
farmer;income and expenditure;Return on Average Equity;public private partnership;Return on Average Assets;public-private partnership;small and medium enterprise;economic and financial analysis;land and agrarian reform;fresh fruit and vegetable;Grievance Redress Service;poverty characteristic;Systems, Applications and Products;limited access to finance;Risks and Mitigation Measures;extension service;national poverty line;
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Citation
South Africa - Land Bank Financial Intermediation Loan Project (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/221771484075116214/South-Africa-Land-Bank-Financial-Intermediation-Loan-Project