Agricultural financing remains one of the most difficult challenges for farmers in South Africa. Farming is a capital-intensive business. As critical times in the industry approach for farmers, they become increasingly desperate for financing. Without financing there can be no production.
“We at Jupidex realise how the challenges in today’s agricultural industry can overwhelm our farmers and that is why we are very excited to share good news with them,” says ZW Nichols, Segment Manager at Jupidex.
WesBank and Jupidex join hands
ZW explains: “The biggest mistake farmers can make when it comes to financing is that they buy cheaper but less suitable implements in cash, when there are excellent financing options available to them at the best interest rates.
“Jupidex and WesBank recently joined hands to assist farmers in their farming success, by offering financing options on some of our products. Our financing option focuses on offering our farmers accessible and customised financing options so that they can purchase the best implements for the job,” he adds.
Which products are covered by this financing?
“The range of products we offer financing on are our Kverneland, Vicon and McHale hay and forage equipment,” says ZW.
He elaborates: “We offer financing on our complete range of McHale balers and bale wrappers, as well as on our Andreoli farm equipment, Vicon and Kverneland mowers and on our Kverneland sprayers. We also offer up to two years warranty on our Kverneland equipment on the financing plan.”
“In the future, we will also offer financing on our fertiliser spreaders as well as on our tillage equipment,” adds ZW.
Advantages of Jupidex and WesBank’s financing
ZW explains: “For the past forty years, WesBank has been one of the largest financing houses with vehicle financing in South Africa, which makes it so much easier for us to walk a path with the farmer.
“What sets Jupidex and WesBank apart from the rest is the fact that our parent company, Plennegy, has been doing business with WesBank for years, and we have built up a very strong relationship with WesBank over the years. We understand each other.”
How does the process work?
He explains: “We offer our farmers customised and flexible financing options that meet their farms’ unique requirements. The farmer only needs to make sure he or she gets the right interest rate and the payment structure meeting his or her needs.
“We also offer competitive rates and interest rates that help the farmer with continued access to our range of equipment, and we strive to make the process as easy as possible for the farmer, from the application to the approval process,” concludes ZW.
Do not let cash flow give you sleepless nights – contact Jupidex today for peace of mind!
Find out more about Jupidex’s financing options and offers from your nearest dealer. For more information, contact Jupidex at (+27)33-386-3574, send an e-mail to info@jupidex.co.za, or visit their website at www.jupidex.co.za.
*Terms and conditions apply, and financing is subject to approval by WesBank.
*Terms and conditions apply:
- Structured payment options available
- 25% deposit over 24 months
- Valid while stocks last
- Only available on selected OEM stock items
WesBank – a division of FirstRand Bank Ltd, an authorised financial services and registered credit provider. NCRCP20.