The issue of high rates and lack of collateral demanded by banks before they issue loans to farmers will soon be history thanks to a deal reached with 450 microfinance institutions, according to the Chief Executive Officer of the Business Development Fund, Innocent Bulindi.
BDF is an independent government entity established in collaboration with the Development Bank of Rwanda (BRD) to implement the “Access to Finance” objective.
Bulindi told journalists last week that BDF is working to invest in rural farming and to develop different finance mechanisms that can help solve funding challenges.
For more on this story visit the following link: BDF, 450 microfinance institutions partner to ease agriculture financing
Source: The New Times