This fund facilitates access to working capital and loans for crop marketing by cooperatives of selected products, primary cooperative societies and unions for trading, processing, production, packaging, storage, transport and distribution capacity, and cooperatives to embark on contract farming schemes.
Purpose of the CLF: To provide working capital for cooperatives engaged in collection, value adding and marketing of targeted crops.
Eligible applicants: Formally registered cooperatives from North Achefer, South Achefer, North Mecha, South Mecha, Bahir Dar Zuria, Dera, Fogera and Libo Kemkem woredas, and engaged in value chains supported by AgroBIG.
Loan duration: Maximum 24 months
Maximum loan size: 1,500,000 ETB
HOW TO APPLY?
AgroBIG has engaged three Cooperative Saving and Credit Unions (COSACUs) in the target districts as partners in managing the CLF instrument, namely Adera Densa, Rib and Tana.
The funds are disbursed via the COSACUs to primary cooperative societies (multipurpose, consumer, irrigation etc. cooperatives). Credit appraisals are conducted according to COSACUs’ normal procedures.
Contact your nearest COSACU to apply, or contact us for more information.