Agricultural production in Somalia suffers lack of financing and poor or traditional farming practices, AGRO BANK is dedicated to supporting both on- and off-farm agricultural activities and businesses including input provision, production, and distribution, wholesale, processing and marketing. The market demand for smallholder agriculture financing is very high, most of which is unmet. Without access to financing, most smallholders are restricted to farming practices that result in low levels of productivity.
Surveys made often show that there are plenty of smallholder farmers that are eligible for financing and commercial loans from banks or other financial organisations.
Bearing in mind the inherent risky nature, the availability of formal financial services dedicated to the needs of smallholder farmers is limited, but The development of innovative financing by banks, micro-financing by developmental institutions has been one answer, but not sufficient. Our Agri-financing scheme will provide small loans and financing of agriculture related activities, from production to market.