FNB Zambia has introduced vacant land loans of up to K1.5 million for residents of Luanshya as it reopens its refurbished branch and seeks to support the district’s economic growth. FNB Zambia Retail Banking Executive Mwamba Musambo said the loans are repayable over a period of up to 10 years, with the land serving as […]

FNB Zambia has introduced vacant land loans of up to K1.5 million for residents of Luanshya as it reopens its refurbished branch and seeks to support the district’s economic growth.

FNB Zambia Retail Banking Executive Mwamba Musambo said the loans are repayable over a period of up to 10 years, with the land serving as security.

Mrs Musambo urged residents to prepare for opportunities expected from the development of Shaft 28, including increased demand for housing.

She said small and medium-sized enterprises can also access unsecured loans of up to approximately K1.5 million and encouraged entrepreneurs to approach the bank for business financing.

“Don’t let this pass you by. Let’s all take advantage of the opportunity,” she said.

Luanshya District Commissioner Paul Malele welcomed the refurbishment, saying improved access to financial services would help residents and businesses participate in the district’s economic growth.