Kigali, Rwanda – 19 December 2018: Our rice value chain B2B event concluded Tuesday with ambitious commitments to design and introduce financial products that are responding to the needs of value chain actors.
The purpose of the Business to Business event was to link rice value chain actors and supporters to connect, collaborate, and create synergy in business. Around 100 stakeholders attended, including rice farmers, processors, government officials (MINAGRI and MINICOM), representatives of financial institutions like KCB Bank Rwanda, Equity bank Rwanda, Umutanguha ltd, Duterimbere IMF ltd, BDF fund, Access to Finance Rwanda, and representatives of development partners working in rice value chain in Rwanda, to name a few.
Participants were re-introduced to the STARS initiative. STARS is an acronym that stands for Strengthening African Rural Smallholders, a five-year initiative that aims to reac... Read more
Am Mugisha Francis Working with one of leading commercial banks in uganda working as Agriculture Loans Officer, We finance all actors in the agriculture value chain i.e Farmers, traders, aggregators,processors,input suppliers and exporters among others.
For Farmers in production are given gross period of 3-6 months depending on the crop being funded but for value chain actors grace period solely depend on the enterprise being funded.
the interest rate is minimal to enable farmers do business at a profit and repayment schedules also will depend on seasonality and tenor of the loan
Also asset financing is provided to commercial farmers to enable them acquire assets like tractors, trucks, chain of processing machines, milling machines, hatcheries, construct more buildings, spray race, restocking, purchase land among others. the maximum tenor for asset financing is 5 years and the asset acts collateral for the loan facility. our loan Products range from 5 millions UGX tO 400 Millions UGX
F... Read more