Agric minister backs farmers' supply contracts as loan collateral

Agric minister backs farmers' supply contracts as loan collateral

As the government targets to raise agriculture’s share of total bank loans from 6 per cent to 10 per cent by 2029, the Minister of Agriculture and Animal Resources, Mark Cyubahiro Bagabe, has called on lenders to accept commodity supply contracts as loan collateral. He argued this will significantly improve farmers’ and agri-exporters’ access to finance. Bagabe made the remarks on August 14 in Kigali, during a high-level meeting focused on stren…