dfcu Bank has announced a partnership with The Agriculture Development Centre and Rabobank in an effort to support Farmer Based Organisations and Cooperative Unions across the country realize self-sufficiency as an effective tool to transform the agricultural sector in Uganda.
The announcement was made at an event in Lira that was attended by various stakeholders and farmers from the region.
Speaking at the event, dfcu Bank’s Head of Corporate and Institutional Banking, Godfrey Mundua said the partnership between ADC, Rabobank and dfcu Bank is aimed at supporting farmer organizations become profitable, sustainable and ultimately bankable.
“The agricultural sector of Uganda is the backbone of our country. By proving employment for millions of Ugandans, it directly grows our economy.
“dfcu Bank has always committed to the empowerment and growth of the agricultural sector in Uganda. Besides providing financial banking to our farmer clients, we have developed products that are tailor-made to meet the needs of their businesses- both as individuals and groups.”
The Agriculture Development Center will equip Cooperatives and Farmer Based Organizations (FBOs) with agribusiness skills through trainings in governance, financial management, financial literacy and marketing skills.
Godfrey Mundua concluded by emphasizing on the value of the partnership; “By partnering with The Agriculture Development Center and Rabobank, we will provide farmer based organizations in the region with the necessary skills that will eventually make them eligible for credit financing from commercial banks.
“By providing training skills in governance, financial management, financial literacy and marketing, we believe that the Farmer Based Operations will continue to grow their operations in ways that are of benefit to both them and the wider communities.”
