Rwanda: Access to Credit Facilities Still Challenge for Farmers

A meeting was held with representatives from the Rwanda Development Bank, the Ministry of Agriculture, farmers, agro-dealers, financial institutions, USAID and IFDC to discuss farmers’ difficulty acquiring agricultural loans.

According to the article: “Lack of access to credit facilities means many farmers find it hard to purchase inputs such as fertilizers, which are critical in agricultural production.

The meeting considered designing a privatization strategy which could boost access to fertilizers.

‘We want to build on the success as we go forward and develop a roadmap with a list of actions to make a smooth and systematic transition in fertilizer use,’ Balu Bumb, policy and trade specialist for IFDC, told the meeting…”

Read the full article from The New Times.

Note: The article incorrectly refers to IFDC as ‘International Finance Development Company.’ The correct name is ‘International Fertilizer Development Center.’

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