Lima Bank
| Lima Bank Ltd. | |
|---|---|
| legal form | semi-public company |
| founding | 1987 |
| Seat |
Lusaka , Zambia
|
| Branch | Financial industry |
Lima Bank is a bank in Lusaka and was founded in 1987 by merging two companies, the Agricultural Finance Company and the Zambia Agricultural Development Bank . Lima Bank is a semi-public company and is therefore directly subordinate to the Bank of Zambia . Her field of business was and is small-scale agriculture.
Its construction today is the lesson learned from the bank failures in Zambia from 1995 and your own in 1997. It was re-established in 2002 on the basis of consultations by the World Bank, the FAO and Zambia with the aim of promoting agricultural development in the country.
The Lima Bank is difficult to distinguish from a development aid organization, as many of its funds are provided by donor countries or development organizations and some are launched as subsidies. The Lima Bank can only be distinguished from the Development Bank of Zambia in terms of its business area.
The central business area is the so-called microloans , i.e. loans for people who up to now have not been able to get hold of them because they were too poor and also too easy. In this field, however, it is limited to agriculture. Here, for example, it is cooperating with the FAO in a fish farming project, which in turn means that an external link determines the bank's business.
A distant goal for Lima Bank is to become a specialist bank for small farmers.