MIFA and JVE support loan program aimed at providing farmers with irrigation kits

Agriculture

Thursday, 10 September 2020 16:17

MIFA and JVE support loan program aimed at providing farmers with irrigation kits

(Togo First) - In Togo, farmers, market gardeners, cooperatives, or individuals will benefit from a project to supply and install solar irrigation kits.

The initiative is supported by the risk-sharing based Agricultural Financing Incentive Mechanism (MIFA) and the NGO Jeunes Volontaires pour l'Environnement (JVE). Its beneficiaries will get a loan ranging between CFA1.5 million and CFA3 million to purchase the equipment.

The money is to be repaid over three years at a zero interest rate if the loan does not exceed CFA1.5 million. However, if it does, an interest rate of 11% is imposed.

Those interested in benefiting from the scheme should apply by mail to the secretariat of JVE.

Séna Akoda

REFORMS OVERVIEW

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