A major new partnership has been launched to provide smallholder farmers and small agricultural enterprises with the financing they need to break out of poverty and build viable businesses. The Alliance for a Green Revolution in Africa (AGRA), in partnership with Equity Bank Limited, the International Fund for Agricultural Development (IFAD) and the Kenya Ministry of Agriculture signed an agreement for a loan facility of US$50 million (3 billion Kenyan shillings) to accelerate access to affordable financing for 2.5 million farmers and 15,000 agricultural value chain members such as rural input shops, fertilizers and seed wholesalers and importers, grain traders and food processors.
2008-05-12
http://www.agra-alliance.org/news/pr050608.html
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