Lending for African Farming – LAFCo serves the day-to-day working capital needs of agricultural businesses and farmer cooperatives, particularly those operating in staple food crop value chains
Value Chains
Lending for African Farming – LAFCo’s primary purpose is to provide working capital financing for borrowers working in food crop value chains, specifically those involved in domestic and intra-Africa trade. LAFCo considers a wide range of food crop value chains, including but not limited to:
READ- YouthHubAfrica Basic Education Media Fellowship 2022 – Apply Now
Smallholder Farmer Involvement
Lending for African Farming – All qualifying SME borrowers must be delivering a clear benefit to smallholder farmers, either by sourcing crops or animals from farmers or by selling productivity-enhancing inputs to them. LAFCo defines smallholder farmers as those cultivating less than 10 hectares.
Borrower Size
Lending for African Farming – LAFCo is intended primarily to serve SMEs meeting the IFC definition, namely, having at least two of the three following characteristics:
Gross assets of less than US$ 15 million; Annual turnover of less than US$ 15 million; or Fewer than 300 employees. However, LAFCo is permitted to lend to larger corporate entities provided the social and environmental considerations described online are met.
Borrower Compliance and Characteristics
LAFCo borrowers must also meet the following criteria at the time of application and throughout the term of any LAFCo facility for which they may be approved:
How to Apply for Lending for African Farming
Interested and qualified applicants should, Click here to Apply
Kindly subscribe to the site using your Email address for more updates for FREE
Ascentech Services Limited is a full-fledged Human Resource Solution Provider incorporated in 2013 with its…
CIIBEX Group Limited is a holding name for an indigenous conglomerate which comprises of eight…
The International Committee of the Red Cross (ICRC) is an impartial, neutral and independent organization…
NNPC Ltd/ TotalEnergies International Masters Degree Scholarship - 2024-2025. TotalEnergies is a global multi-energy company…
Seven-Up Bottling Company Limited is one of the largest manufacturing companies in Nigeria, producing and…
Jumia is Africa's leading internet group, with already over 3,000 employees in more than 20…