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.