MoU with Farm Depot and Nkwasho

Kitwe-based financial institution Inde Credit, has signed a tripartite memorandum of understanding (MoU) with Farm Depot and Nkwasho Agro Processing to assist small-scale farmers buy, grow, and sell broiler chickens.

Small-scale farmers in Kalumbila District can now get financing from Inde Credit to buy day-old chicks, feed, and technical assistance from Farm Depot and when the chickens are ready to sell Nkwasho will buy all stock. Nkwasho supplies Golden Camp Solutions, who caters for Barrick Lumwana Mine.

This agreement creates a market for the farmers to secure their output, allowing them to focus on rearing chickens instead of stressing over finding customers. This essentially covers every step of the supply chain ensuring farmers can buy, raise, sell, and make a profit. It empowers small-scale farmers by breaking down barriers to financing, guaranteeing a market, and enabling growth.

Dimas Lumba, Board Chair at Nkwasho Agro Processing said, “We are proud to partner with Inde Credit and Farm Depot to empower small-scale poultry farmers in Kalumbila District. Our commitment goes beyond just buying stock – we’re investing in the success of these farmers. By providing a guaranteed market for their products, we’re enabling them to focus on their craft without the worry of finding buyers. Together, we’re not just supporting farmers; we’re building sustainable communities and driving economic growth.”

Simon Bentley, CEO of Farm Depot said, “We’re faced with stubborn obstacles that hold us back. Farmers lack access to finance to buy the inputs they need. Quality farming supplies are often scarce or out of reach. Knowledge about best practices isn’t reaching those who need it most. Reliable markets for farmers’ produce remain elusive. This tripartite agreement will work to overcome those obstacles.”

Broiler chicken farmers are facing increasing challenges due to load-shedding. Peter Bwalya of Inde Credit explained, “Load-shedding, at times, means their output goes to waste. That coupled with a lack of technical assistance has led to unnecessarily high chicken mortality rates. To minimize waste and uphold product quality, it is essential that chickens can be delivered to off-takers quickly. Farmers are also assisted with financial literacy and technical expertise along the way to ensure long-term benefits of empowerment.”

CEO of Nkwasho, Mara Zhanet Michelo added, “Our harvest is not measured just in products but in the positive impact we leave on the land, the community, and the future. At Nkwasho, we redefine poultry processing through genetic excellence, precision nutrition, and smart farming technologies. We believe in leading by example and setting new standards in breeding programs, feed formulations, and overall farming practices. Our cooperative ecosystem is a testament to shared success and lasting prosperity, making Nkwasho not just a company but a community. This partnership is a testament to our commitment to collective prosperity.”


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NWCC Business & Investment Expo

Inde Credit is exhibiting at the Northwestern Chamber of Commerce & Industry  (NWCC) Business & Investment Expo at The Royal Solwezi Hotel in Solwezi on 9th and 10th November.

The expo will be multi-sectora and focus on “Promoting Business Partnerships and Trade Linkages for Sustainable Growth”.

Venue: The Royal Solwezi Hotel

Times: 9th-10th November from 8:00-17.30

Register: Register here – or please contact NWCC on 096 894 3657 or

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Lusaka Agricultural & Commercial Show

Inde Credit exhibited together with Farm Depot at the 2023 Agricultural & Commercial Show in Lusaka for Inclusive Economic Transformation. Visitors were able to get more information and sign up for our inclusive agri loans for small or medium-scale farmers needing to finance inputs. We were thrilled for this year’s theme as we are now working to reach micro businesses as well through our partnership with Farm Depot. Our agri loans are even more accessible, with little to no collateral needed for small- and medium-scale farmers.

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AgriTech Expo

The expo was held at the GART Research Centre in Chisamba.

We exhibited together with our partner Farm Depot at the 2023 AgriTech Expo, where we spoke to agri professionals about our agri loans for small- and medium-scale farmers about how we can help finance equipment or farming inputs.

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Inde Credit Golf Invitational

A fun day of playing golf at Nkana Golf Club in Kitwe, sponsored by Inde Credit.

Great networking opportunity for golfers and non-golfers alike, while enjoying some fresh air and friendly competition in the quest for the grand prize awarded at the end of the season.

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Mopani MoU Ceremony

A ceremony celebrating the signing of MoU with Mopani Copper Mines for supplier financing. Graced by Minister of Small and Medium Enterprises Development.

A partnership that will help all vendors providing goods or services to Mopani Copper Mine by giving them access to financing from Inde Credit with faster turnaround times and preferential rates.

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Made in Zambia: An Event Celebrating SMEs & Entrepreneurs

On Wednesday 1st March, Inde Credit invited Zambian entrepreneurs and SMEs to the Game Rangers International (GRI) Wildlife Discovery Centre to network and showcase their businesses.

The Honourable Minister of Small and Medium Enterprise Development, who was the guest of honor, stated: “It is good to see a financial institution truly supporting SME growth. This is exactly the kind of commitment we need to accelerate economic development and create more jobs for our citizens.”

Since their launch in 2016, Inde Credit recently reached a notable milestone of having disbursed over ZMW 1 billion to Zambian SMEs. Through this they have supported more than 450 Zambian SMEs, who have in turn created more than 3,000 jobs. “We provide financing where it’s most needed. I’m so proud of the team for always looking for solutions for our clients instead of turning them down. The growth we see in our clients’ businesses is remarkable as a result of their determination and our financing,” said Peter Bwalya, CEO of Inde Credit.

As part of Inde Credit’s commitment to be a trusted partner who wants to see their clients and businesses succeed, the company does more than just provide financing. This commitment was seen on their new website, which was also launched at the event. It features a comprehensive help centre, which includes free templates, business advice, and reviews of useful business tools. It also gave a sneak peak into the forthcoming account login section, which will enable customers to upload documents, check balances and make payments online.

“Our founding mission at Inde Credit is to make Zambian business work. While our company has grown over the years, our team remains focused on the same goal — empowering the small business economy and improving our customers’ financial lives. We want to do more than just carry out financial transactions,” said Michael Kroupnik, co-founder and Chairman of the Board at Inde Credit.

The event also celebrated the businesses that are shaping the tomorrow. Inde Credit had invited a number of Zambian businesses, who are notable within their sectors, to promote their businesses and share their work.

The evening was filled with positive energy. It was clear that inclusive SME financing and support is an important driver to the growth of our economy. “It has been exciting to participate in the strategic work on board level during the past years and experience how access to finance for SMEs accelerates their growth. Inde Credit’s ambition and strategy will help many more SMEs grow” said Lombe Batunda, External Board Member at Inde Credit.

Nicolas Megelas, Head of Operations at Inde Credit spoke on behalf of the team at the event. He talked about Inde Credit’s move to not just serve SMEs, but also microenterprises: “As part of our commitment to be a business enabler, we are now working to reach micro businesses as well through our partnership with Farm Depot. Our agri loans are even more accessible, with little to no collateral needed for small- and medium-scale farmers.”

Stories were shared about how access to finance is a key constraint to SME growth and often a hopeless obstacle for entrepreneurs. It was great to see and hear about restored hope and growing dreams. One of Inde Credit’s client’s, Chawezi Daka, shared her story, “I turned to Inde Credit last year because I was getting growing orders that I had trouble fulfilling. When looking for financing I was either turned down or faced with fees that were too high. After getting financing from Inde I was able to hire the people needed and buy the necessary equipment to take my business to the next level. In 6 months, I have grown from 2 to 5 corporate clients.”

Also present was professional golfer Madalitso Muthiya, who spoke about his incredible, inspirational story and how he was able to pursue his dream. He talked about the sheer determination and courage that drove him to become the first Zambian and black African to participate in the U.S. Open. His story features in the book Bless.ed One by James Roth, which has just won the prestigious USGA Herbert Warren Wind Award and was launched locally at the event.

The event was held at the Game Rangers International Wildlife Discovery Centre, which provides a unique and immersive wildlife educational experience in the Lusaka National Park and showcases some of the incredible conservation work being done in Zambia.

His Excellency, The President of the Republic of Zambia, Mr. Hakainde Hichilema, made the following statement through The Honourable Minister of Small and Medium Enterprise Development:

“We are delighted by the Made in Zambia event and join the Minister of SME Development in congratulating Inde Credit on the amazing achievement of disbursing ZMW 1 billion to Zambian SMEs since 2016.

We appreciate the efforts to promote Zambian entrepreneurs and encourage continued support of local businesses. We also wish to congratulate professional golfer, Madalitso Muthiya, whose story was chronicled in the book Bless.ed One, which is being launched at the event. We support outstanding citizens who document their journey to inspire others.

We challenge Zambians to rise to the occasion and venture into entrepreneurship with the support of the Ministry of SME Development, the Constituency Development Fund, and private sector partners such as Inde Credit, among others.”

About Game Rangers International (GRI)

Game Rangers International (GRI) is a non-profit organisation established in Zambia in 2008. GRI works in close partnership with the Department of National Parks and Wildlife (DNPW) to empower Rangers and Local Communities to conserve nature.

About Lusaka National Park – Wildlife Discovery Centre

The Wildlife Discovery Centre at Lusaka National Park was opened in 2022 by GRI. The centre provides free conservation education to over 5,000 children every year and is also the new home of the renowned Elephant Nursery.

About Madalitso Muthiya

Madalitso Muthiya is a professional golfer. Muthiya won in the 16- to 18-year-old age group in the 1999 Nolan Henke/Patty Berg Junior Masters in Fort Myers, Florida. He went on to play college golf at the University of New Mexico, before turning professional in 2005.

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