KCB Extends Rwf 150 Million Loan to Rice Cooperative

KAMONYI, Rwanda – The Mukunguri Rice Growers Cooperative is receiving a Rwf 150 million loan from the Rwanda branch of Kenya Commercial Bank (KCB). The loan was secured with the assistance of IFDC through an inventory credit system.

An inventory credit system allows farmers to store agricultural commodities after a harvest until prices increase. The stored crops can be used as collateral for loans from banks or micro-finance institutions. The farmer’s harvest remains stored in a warehouse or silo until the loan is repaid.

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