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Banks challenged to fund smallholder farmers

Published on November 13, 2015

Financial institutions have been urged to develop products that meet the needs of smallholder farmers as one of the interventions to support the agriculture sector to increase productivity and fight rural poverty.

Alfa Kadri, the East Africa Exchange (EAX) country manager, said most banks do not want to lend to farmers, saying this has in a way crippled growth of the agriculture sector, which has affected efforts geared at reducing poverty among the masses.

He was on Thursday speaking during a one-day training for Urwego Opportunity Bank workers on the operation of the exchange’s warehouse receipts financing system. Read more. Source | New Times