How does someone access the Agricultural Credit Facility and Small Business Recovery Fund?

How does someone access the Agricultural Credit Facility and Small Business Recovery Fund?

Eligible borrowers can access the loan only through the Participating Financial institutions, banks and SACCOs regulated by the Bank of Uganda.

All potential borrowers must have an active account with Participating Financial Institutions, a valid business existence, and a bankable project proposal. The application should be submitted to the PFI for credit appraisal review for possible financing.

Both the Agricultural Credit Facility and Small Business Recovery Fund are refinancing schemes; Participating Financial Institutions are responsible for the credit appraisal of all potential borrowers following their internal credit policies and in compliance with the Schemes’ operating guidelines. Thereafter, disburse the funds to the borrowers and claim the government of Uganda’s contribution as per the operating guidelines.