10 December 2012

Gambia: Micro-Finance Institutions Exposed to Agricultural Lending

A four-day intensive training programme on agricultural lending was recently organised for micro-finance institutions in the country by the Rural Finance Project (RFP) at the Wellingara Horticultural Centre in West Coast Region.

The synergy that assembled participants from different micro-finance institutions in the country was meant to arm them with knowledge and skills to be able to establish a viable agricultural lending operation and to further improve service delivery at their various institutions.

Speaking at the opening ceremony, the Rural Finance project coordinator, Lamin Fatajo, challenged the major micro-finance institutions to come up with a pilot plan on agricultural lending before the end of the year in the quest of improving the livelihood of the rural poor. He hinted the participants that his office is planning to pilot a project, but was quick to make it clear that incentives would be given to those who provide their plans on time.

Commenting on successes, Fatajo said the RFP has registered some progress, noting that it can now swank of three methodology micro-finance institutions that his project is designed to strengthen. The RFP project coordinator told the participants that he expects to see a change in the micro-finance system in the country, saying the training will make positive impact in the way agricultural credits are being monitored.

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