A long-running partnership between government and commercial banks that finances agricultural value-addition at concessional rates.
What it is
The Agriculture Credit Facility (ACF) has been running for years as a partnership between government and commercial banks. It is a matching fund: government provides part of each loan so that farmers and agro-processors can borrow at a concessional rate to add value to what they produce.
The numbers
- UGX 1.5 trillion disbursed over the life of the facility.
- UGX 50 billion committed each year.
- Interest of about 12%, with government sharing the cost through the matching structure.
The facility is aimed squarely at value addition, helping farmers move beyond raw produce into processing.