The challenge:
The rural borrower was unhappy with the current loan terms.
The outcome:
Borrower’s outstanding loans are refinanced by a new lender under friendlier terms and lower amortisation rates.
Local farmers were frustrated about loan servicing hurdles they commonly experience with a local bank.
One of them, a cotton farm owner, approached Aglend Finance to complete an annual review.
But instead of just completing this exercise for one local bank, Aglend Finance sat with the farmer and his associates to draft a review they could also explore with other lenders.
Noting the farmer’s thriving business and long history in the cotton industry, Aglend believed the client deserved the best agribusiness rate in the market. This prompted a search for a new and better credit provider.
Through Aglend, the client eased his debt burden by refinancing his farm business loans with a more farmer-friendly lender.
