Government urges banks to design loans that favour farmers

Vice President, Edward Ssekandi

Government has urged the  banking sector to design friendly loans that can be accessed by farmers and informal sectors in Uganda.

Currently many banks are offering short term loans which do not favor farmers who have long term investments.

Speaking during the Annual banker’s conference recently,  the Vice president, Edward Kiwanuka Ssekandi, said that much as government is moving to re-capitalize Uganda development bank to help farmers, available financial banks must be lenient to farmers as well.

He said that farmers are potential bank customers, thus engaging them will give banking sector a mileage.

“These farmers should be the people you should favour most because they will be your customers of all seasons,” Sekandi said.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.