• Agricultural Credit Fund

Agricultural Credit Facility


The Agricultural Credit Facility (ACF) was set up by the Government of Uganda (GoU) in partnership with Commercial Banks, Uganda Development Bank Ltd (UDBL), Micro Deposit Taking Institutions (MDIs) and Credit Institutions all referred to as Participating Financial Institutions (PFIs). The Scheme’s operations started in October 2009, with the aim of facilitating the provision of medium and long term financing to projects engaged in Agriculture and Agro processing, focusing mainly on commercialization and value addition.

Loans under the ACF are disbursed to farmers and agro-processors through the PFIs at more favorable terms than are usually available under conventional loans. The Bank of Uganda (BoU) plays a key role of the Fund administrator.  The GoU is represented by the Ministry of Finance, Planning and Economic Development (MFPED). The scheme operations are guided by the Memorandum of Understanding (MoU) signed by all the stakeholders. It operates on a refinance basis in that the PFIs disburse all the loan amount required by a client and seek for a re-imbursement from BoU.

Objective of the ACF

The key objective of the scheme is to facilitate the provision of medium and long term loans to projects engaged in agriculture and agro-processing on more favourable terms than are usually available from financial institutions. The main focus is on commercialisation, modernisation and value addition. 

More Resources

Brief to Clients on the ACF

ACF Brochure