New Secured 1st Ranking Deposit With Rural Flavour
New Secured First Ranking Deposit With Rural Flavour
FROM EVIA FINANCE , PART OF THE ELDERS GROUP
AUCKLAND, N.Z Evia's First Ranking Secured Deposit launched 31st August is attracting the attention and funds of astute investors, through its combination of better than bank interest rates yet moderate risk profile. The funds raised through this issue are then skillfully lent to the rural sector through established and proven lending mechanisms.
Evia Finance is the finance arm of the well known and respected agricultural service organisation the Elders Group. Elders Group companies include Elders Livestock, Elders Merchandise, Evia Finance and GIsborne Farmers.
Evia Finance has been operating as a rural lending organisation, under Elders guidance since 2001. With a significant proportion of the country's professional farmers as customers of its parent Elders, Evia Finance has strong ties to the agricultural sector and a history as a successful lender to the rural economy.
Evia Finance's focus includes three different categories - a rural credit card, providing farmers working capital borrowing facilities and the recently launched (August 2003) First Ranking Secured Deposits offer.
The Evia card is a credit card that also earns famers and rural businesses significant discounts on every- day purchases such as fuel and telecommunications. It also gives cardholders corporate-type discounts on big ticket items such as building supplies and new Ford utes and cars - when buying a new ute this can mean savings of many thousands of dollars.
Evia's rural lending packages provide farmers with essential working capital through access to seasonal finance packages, livestock trading accounts, wool advances and refinancing of other seasonal facilities.
“Though there are probably some finance entities out there offering slightly higher yields, few are lending to the market we service so well. As we have many years of owning and operating a successful rural service business," says Mr Chapman. "We are uniquely positioned to service this sector and to manage a First Ranking Secured Deposit issue of this nature."
Many rural people prefer
investing in New Zealand's heartland, Evia Finance is
offering them, and indeed all New Zealanders, an opportunity
to invest in one of the country's most consistently reliable