The bank’s loans will help farmers gain working capital for seeds, fertilizers, land preparation, weeding and harvesting, among other things. In addition, the farmers will receive technical advice through a comprehensive advisory services program provided by IFC and other partners. IFC, with support from GAFSP, plans to support the construction and operation of the processing plant.
· Addressing Food Insecurity
The project aims to address food insecurity in Eastern Rwanda through improved access to agricultural inputs and better farming practices for more than 12,000 small-holder farmers.
· Improving Production Yields
Through seasonal financing and technical assistance, participating farmers are expected to more than double production yields for maize and soybeans and reduce post-harvest losses, thereby earning a higher and more stable revenue system. The increased yields will then be used to support the production of fortified cereals which will be made available to populations suffering from malnutrition.
· Other Development Impacts
The project will also be used as a pilot for larger GAFSP initiatives to provide input financing specifically targeted towards small-holders.