Rwanda to step up special fund to help farmers access loans easily
Rwanda’s Ministry of Agriculture and Animal Husbandry has revealed that it is considering the creation of a special fund, which can be set up to help farmers access loans easily.
These are some of the highlights of the meeting, which brought together various stakeholders in the field of agricultural finance.
The Ministry of Agriculture and Animal Husbandry in Rwanda shows that the revenue from financial institutions in agriculture is 5.2%, compared to investment in other sectors.
It is at a time when in the national development acceleration program, this amount is expected to reach 10.4%.
Jean Bosco Iyacu, Director of Programs, Access to Finance Rwanda-AFR says there are changes to improve agriculture in collaboration with various agencies and will be effective in addressing the challenges facing farmers.
AGRA’s Director for Rwanda, Jean Paul Ndagijimana, says that in the 15 years that AGRA has been operating in Rwanda, much has been done to help farmers get more produce and better crops, and now efforts are being made to manage production and help farmers get loans.
Dr. Jean-Chrysostome Ngabitsinze, the Minister of State in the Ministry of Agriculture and Animal Husbandry, said that the focus would be on how the agriculture sector would be given special attention.
The agricultural sector accounts for 26% of the country’s gross domestic product, 70% of which is exported and employs about 70% of the working age population.
