The financial needs of smallholder farmers in Uganda

• by MSC
• Apr 23, 2024
• 1 min

In our video, we explore the current landscape of agricultural finance products in the Ugandan market, evaluate smallholder farmers’ access to these financial products & present actionable recommendations for key stakeholders to bridge the gap in smallholder farmers’ agrifinance accessibility.

Smallholder farmers represent approximately 85% of all Ugandan farmers. They contribute an impressive 80% to the country’s food crop production. However, despite their vital role, only a mere 12.2% of the total banking sector credit is directed toward agriculture. The banking sector largely favors large-scale farmers. This glaring discrepancy underscores the unmet financial needs of smallholder farmers. Our video delves into the current landscape of agricultural products in the market and evaluates smallholder farmers’ access to financial resources. It also presents practical recommendations for key stakeholders to bridge the gap in agri-finance for smallholder farmers. These stakeholders include development agencies, financial service providers, and governments. Watch the video to learn more.