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NATIONAL DEVELOPMENT BANK PROPERTY SECTOR INTERACTIVE SESSION

By Esther Amogelang

National Development Bank (NDB) hosted a Property Sector Interactive Session at Maharaja Conference on the 7th September 2011.

The event which was more of an informative and interaction attracted many among others NDB members ,Boccim members, people from properties like Real Estates, Consulting companies, Architects, representatives from Botswana Defence Force, Botswana Police Service, media and people from private sectors.

The main purpose of the session was to gather inputs from different parties regarding what NDB can do to assists/fill up any gaps that are amongst them.

NDB strategy aims to transform the Bank into a financial institution that has a positive impact on Batswana by providing innovative financial products and services in order to contribute towards economic development in Botswana.

Some of the loans that NDB banks provide are Manufacturing, Commercial/Retail, Agriculture, Human Capital Development and Property which was at the centre of discussion.

When opening the programme Deputy Chief Executive Officer , Mr. Happy.O.Mogotsi said the session will try to deal with issues of knowledge around NDB.He said the purpose is to unearth information on issues in property, customer expectations as well as varies financing.

On the other hand Research Product Development Manager, Ms Zenzile Moesi clarified some of the fast tracking loans that NDB targets which are Nthuta NDB school fees, Bonno NDB home loan, Ntlhatlhosa Kwa morakeng and Temo Bokamoso.

She further said since property is one of NDB mission, when financing them they consider and address things like: location, title deeds, and building contractors, approve building plans, permits, and offer of sale for property.

The Bonno NDB Home loan caters for all Botswana citizens for all their financial needs, be it home improving, buying a house, plot or building a home.

The loan comes at a time when the country is facing a problem of shortage of housing especially in Gaborone so since its stress-free, convienient, competitive and affordable at the same time it benefits everyone.

Meanwhile a new strategy has been set this year which is called THOBO 2014 which NDB is thriving to achieve.

Some of the Properties companies which were present include; MG Properties, Apex properties, Kwena, Home Safe Inspection among others.

When closing the session Acting Deputy Chief Executive officer ,Ms Baboloki Mojalemotho who was also responsible for facilitating discussions promised attendees that as a Development Financial Institution,NDB,will collaborate with real estates,Boccim,media,private sector towards building its mission of providing innovation financial products which promote development in Botswana.

© 2011, Boidus. All rights reserved.

Discussion

29 Responses to “NATIONAL DEVELOPMENT BANK PROPERTY SECTOR INTERACTIVE SESSION”

  1. when i have other loans but want to be assisted with a bonno loan, what happens?

    Posted by waitse | 14. Sep, 2011, 3:53 pm
  2. where do we get the answer to the first question?

    Posted by D Gaborekwe | 01. Feb, 2012, 4:47 pm
  3. @ gaborekwe, i will forward your query to NDB, also check our February issue of Boidus Focus where we interview banks and property agents about this subject. thanks for comment.

    Posted by admin | 01. Feb, 2012, 8:46 pm
  4. do you offer loans any loans to someone who wants to go to school,someone who does not qualify for government sponsorship but really wants to go further herslf?and the housloans are they available and how much monthly salary should i have to be able to qualify for one?

    Posted by Chedza | 09. Feb, 2012, 10:54 am
  5. kante ths 15%ownrs contribution is it a strick law????i mean if u dnt hv it does it mean u cnt get a loan???speacilly wen u want to venture into real estate????wat more cn sbstitute the 15%????

    Posted by nkoni | 14. Feb, 2012, 6:55 pm
  6. What is the interest rate if someone applies Bonno Loan from NDB amounting to P400,000

    Posted by Sinah Teemane | 02. Mar, 2012, 6:57 pm
  7. when i have other loans with other financial institutions,do you help consolidate? also can you finance someone who wants to venture into more than one project?

    Posted by tawana | 16. Mar, 2012, 8:18 am
  8. if l have a piece of land and want to develop it through NDB property loan can you finance my project though l have a loan with another bank.will you finance my project inclusive of building plan and project consultants?

    Posted by fumbe opperman | 15. Apr, 2012, 1:02 pm
  9. Does the bank finance individuals or only companies if the want to start a business.

    Posted by Tshepo | 20. Sep, 2012, 2:32 pm
  10. Waitse and Gaborekwe’s question has not been responded to except for Admin to say the query will be forwarded to NDB. To be told to check February issue of Boidus Focus is not enough. Most people are still waiting for the answer since we are in the same predicament. Can someone at NDB answer these questions, PLEASE.

    Posted by onthatile | 11. Oct, 2012, 12:42 pm
  11. i want to know everything about business loans and how to get them,what are the requirements?

    Posted by boga nshakazhogwe | 23. Oct, 2012, 7:38 am
  12. can we please get answers to the questions above?

    Posted by Sadi | 21. Nov, 2012, 3:40 pm
  13. Waitse, Gaborekwe and Onthatile’s posts are of interest and should be duly addressed and I am very much interested in the response. I have been following this and to this day there has been no response. It would assist many if this is responded to. Please do respond

    Posted by mpumelelo | 09. Jan, 2013, 9:03 am
  14. want to start a poultry farming. what are the requirements of getting a resonable loan to start the buisisness

    Posted by Gideon Nkani | 18. Feb, 2013, 2:08 pm
  15. Iam currently have a piece of land at Shakawe, which have leased it via my company. I wish to develop this plot to guest with max of 10 bed rooms. How can your bank help term of financial?
    Which project do financial domestic or commercial guest house?

    Posted by sello Moyo | 17. Apr, 2013, 1:21 pm
  16. I already have a loan with you but i ve got a supermarket plot is it possible to get another loan and built a supermarket and pay the older loan.

    Posted by mmamontsho Maphakwane | 04. Jun, 2013, 10:53 am
  17. what do i need in order to get loans.

    Posted by Gobe Tobokwa | 22. Jul, 2013, 10:16 am
  18. information about cattle loans

    Posted by Allen Tshepiso Inambao | 16. Sep, 2013, 1:14 pm
  19. How do I get a loan for starting chicken farm (broilers)

    Posted by Gideon Nkani | 28. Oct, 2013, 11:19 am
  20. NDB should have personnel assigned to give first priority to this section,otherwise it defeats purpose. wasn’t the site meant to give consumers some convenience?

    Posted by Obakeng | 30. Dec, 2013, 6:02 am
  21. for me to buy a house in palapye, what documents would you need from me so you can fund me?

    Posted by J Monyamane | 08. Jan, 2014, 12:02 pm
  22. do you cosolidate other loans when applying for bonno loan…..

    Posted by baboloki ndaba | 10. Jan, 2014, 2:01 pm
  23. And where average yearly precipitation is low not only is it
    possible but it is very important to do so. In addition to the zoning
    regulations and land use requirements some jurisdictions may also have Boards or Committees to enforce local aesthetic or historical guidelines that were
    put in place to convey or preserve special character and value to a whole City or specific neighborhood.
    The weekly Farmers Market becomes a ritual for those seeking wholesome,
    organic foods that promote health through harvest direct from local Producers.

    Posted by http://permaculturedesigntraining.com | 11. Jan, 2014, 5:59 am
  24. im unemployed youth who want to purchase a house in gaborone and use it for rental as a type of business,so what am i required to do so my dreams come true?

    Posted by samuel golaamang | 24. Feb, 2014, 12:09 am
  25. Want to build a guest house, how can you help me?

    Posted by Keabetswe Matshediso | 15. Jul, 2014, 10:03 am

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