John Deere Farm Mechanization Facility

The project is worth US$51 million. It involves the importation of 1300 Tractors, 200 Seed drills, 200 Disc harrows, 400 Planters, 100 Boom sprayers, 80 Combine harvesters and 100 Tipping trailers.

The government of Zimbabwe plays the facilitatory role in this facility. It borrows from the financier and loans the equipment to the banks.

An upfront 15% deposit shall be paid by the beneficiaries to the local banks prior to the disbursement of the equipment. There must be 100% recovery of the loan from the beneficiaries.

The banks  will ensure recovery repayments from borrowers and remittance of funds to the lender.

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