MIFA plans to mobilize XOF50 billion this year for the agricultural sector

Agriculture
Friday, 05 June 2020 09:24
MIFA plans to mobilize XOF50 billion this year for the agricultural sector

(Togo First) - In 2020, the Agricultural Financing Incentive Mechanism (MIFA), which is based on risk-sharing, intends to mobilize XOF50 billion for the Togolese agricultural sector. 

This was revealed by MIFA’s managing director, Aristide Agbossoumonde, after a meeting between the State and lending institutions which focused on increasing loans to the agricultural sector. 

In 2019, we helped finance the sector with XOF8 billion but in 2020, we have bigger ambitions,” he said. “Presently, our portfolio amounts to XOF26 billion.”

Ayi Renaud Dossavi

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