Sinapi Aba earmarks GH¢14m credit facility to farmers

Sinapi Aba Savings and Loans (SASL) has step up its supports in the agriculture sector with a credit facility of GH¢14million to enhance its position this year.

About 14,000 farmers are expected to access the funds of which majority will go into the purchase of equipment and to farmers in the rural areas who find it difficult accessing finance.

The objective for the support is in line with the financial firm’s goal to make tractors easily accessible to farmers for ploughing during the cropping season.

The support is made possible through linking of the farmers to Sinapi Aba by ADRA Ghana after the latter has taken the farmers through business and entrepreneurial skills training.

Alfred Bukari, Agricultural Programmes Coordinator of Sinapi Aba, responsible for the northern sector, said the climate change last year affected many of the activities of the farmers which made them produce less.

In view of that, many were not able to access funds but assured that those who could not access would be assisted to enable them to purchase the needed equipment and inputs to enhance their productions.

He called for increased support for the small scale agriculture farmers to enable them contribute to the economic development of the nation.

“As a company interested in the welfare of our customers, our interest in agriculture came about after observing that a large portion of the population are into agriculture and out of the number, about 80percent are in the informal sector which if supported could go a long way to transform lives, create businesses for the youth as well as enabling the farmer to generate income and improve lives,” he stated.