HUB FACT SHEETS, INFOGRAPHICS & SUCCESS STORIES KNOWLEDGE CENTER Trade & Investment News Read Our Blog Newsletters

New tool could double loans to agriculture sector

Published on June 26, 2019

With the aim of increasing loans to the agriculture sector, the Ministry of Agriculture and the Food and Agriculture Organization (FAO) have committed to scale up a tool kit dubbed “Rural Invest” that will enable farmers to design bankable business plans and projects. The approach, that targets especially small and medium rural investment projects, will also be used by banks and other financial institutions as a planning tool to improve loan distribution to agriculture sector. Patrick Karangwa, the Director General of Rwanda Agricultural Board, said that banks shun providing loans to investors in agriculture due to poor quality of designed projects and lack of agriculture and livestock insurance scheme. Read more. Source | New Times

connect

get updates