Volume 2 Issue 6
|File Size||5.84 MB|
|Create Date||October 26, 2015|
Is It Worth Taking An Agriculture Loan For Farming Business?
Through out the world the rate of business growth has a direct relationship with the rate of access and utilisation of financial services. Finance is the lifeblood of any business. There various forms of financing available for business including equity, loan e.t.c. Likewise, farming the oldest business need financing and not only financing but appropriate financing.
I mean financing that is tailored to the characteristics of the farming business. My first job after university was agriculture loans officer with a pioneer bank of agriculture financing in Uganda and through my interactions with the farmers, I learnt that they require loan products with interest rates, grace period, repayment period and schedules that are commensurate with the profitability and seasonality of the crops and livestock.
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