Rome, Italy, 18 Sept – The International Agriculture and Development Fund has granted a loan of US$31.1 million to Mozambique to help small-scale farmers to place their surplus produce on the market, the United Nations agency said in Rome Wednesday.
In a statement published on its website, the Fund said that the lack of rural and farmers markets affects the way of life of the rural population in northern Mozambique, as the price obtained in the sale of surpluses is so low that farmers adopt low risk strategies, leading to one of the lowest levels of production in Southern Africa.
The Fund’s programme aims to improve the Exchange terms for producers, giving them the necessary incentives to give up subsistence farming.
The statement added that the loan would help 20,000 farmers gathered into 670 association and 375 small-scale retailers.
Since it was set up in 1978, the International Agriculture and Development Fund has loaned US$143.9 million to nine programmes and projects in Mozambique. (macauhub)