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Afghan government provides loans to farmers to boost agriculture - World News
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Afghan government provides loans to farmers to boost agriculture
31 May 2021, 22:44 GMT+10
KABUL, May 31 (Xinhua) Afghanistan s Ministry of Agriculture, Irrigation and Livestock planned to provide 1.1 billion afghani (14 million U.S. dollars) in loan to over 14,000 farmers, the ministry announced on Monday. Ministry of Agriculture, Irrigation and Livestock is going to lend 1.1 billion afghani to 14,300 farmers via Agricultural Development Fund (ADF), these loans are given for periods of three to five years, the ministry said in a statement posted on its website. On Sunday, the ministry signed agreements with four local finance companies, First Microfinance Bank, OXUS Afghanistan, FINCA-Afghanistan and Tarh-e-Naw Company, under which, the four loan provider agencies will provide loans to farmers and agricultural activities.