Agricultural Credit Facility offered at maximum rate of 10% per annum

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 facility is intended to provide medium and long term loans to projects engaged in agriculture and agro-processing on more favorable terms than are usually available from the PFIs. The scheme is administered by the Bank of Uganda (BoU), with provision for a maximum grace period of 3 years and the interest rate to the final borrower being a maximum of 10% per annum..



  • Related Articles: