AMFIU recently hosted a workshop to disseminate the findings of the Agri-Finance Catalogue and Agriculture product prototype. The national dissemination workshop served as a platform for engaging stakeholders, sharing knowledge, and gathering feedback on the developed catalogue and product prototype.
Smallholder farmers, constituting over 78% of microfinance institution customers, often face challenges with agricultural credit products that do not align with their income flow. The lack of suitable financial services at affordable rates has been a significant obstacle to agricultural production.
Various financial institutions, including banks, credit institutions, MDIs, SACCOs, and Tier 4 institutions, claim to offer services to support agricultural activities. AMFIU conducted a survey to identify the agriculture products provided by these institutions.
The workshop played a crucial role in ensuring the successful implementation of the Agri-Finance Product among Association members and other stakeholders, ultimately benefiting the agricultural sector, finance sector, and national economy.
AMFIU, in collaboration with USAID/Feed the Future – ISS Activity, is implementing a project to enhance access to financial services for smallholder farmers in Uganda. Building on the success of the previous aBi finance project, which improved access to Agri-Finance for 30 members, this new project aims to address the ongoing challenge of financial service access for smallholder farmers, particularly women and youth engaged in farming activities.
Key stakeholders, including aBi, SNV, Uganda National Farmers Federation (UNFFE), and AMFIU member institutions, attended the validation workshop.
For more information and access to the catalogue, visit https://amfiu.org.ug/dbase/admin/cat.php.