DFCU bank and Rabo bank have signed a deal with the Agriculture Development Centre in an effort to support and transform the agricultural sector in Uganda.
Godfrey Mundua Head of Corporate and Institutional Banking at Dfcu said the partnership is aimed at supporting farmer’s organizations to become profitable, sustainable and ultimately bankable.
Mundua, speaking at the signing in Lira on Friday said, the bank has developed products that are tailor-made to meet the needs of their businesses- both as individuals and groups.
“The agricultural sector of Uganda is the backbone of our country. By proving employment for millions of Ugandans, it directly grows our economy. “dfcu Bank has always committed to the empowerment and growth of the agricultural sector in Uganda. Besides providing financial banking to our farmer clients, we have developed products that are tailor-made to meet the needs of their businesses- both as individuals and groups,” said Mundua.
“By partnering with The Agriculture Development Center and Rabobank, we will provide farmer based organizations in the region with the necessary skills that will eventually make them eligible for credit financing from commercial banks” he emphasized.
Ir. Anja de Feijter the Executive Director of the Agriculture Development Centre; said that this partnership will help promote self-sufficiency as an effective tool to transform the agricultural sector in Uganda.
The Agriculture Development Center started its operations in October 2017 in Eastern, Western, and Northern Uganda. Lira is the first District whose Farmer Based Organizations received a two-day training on various agribusiness skills including; governance, financial management, financial literacy and marketing expertise.
