A $220 million facility to assist small, rural farmer groups to improve their farming systems and processing activities was unveiled yesterday by the Ministry of Agriculture.
The Enterprise Development Fund (EDF) falls under the Rural Enterprise and Agricultural Development Project (READ), which is a six-year, US$6.9 million project being funded by the International Fund for Agricultural Development (IFAD) and the government. READ is aimed at reducing rural poverty by improving the livelihoods of households engaged in non-traditional agricultural production and agro-processing.
The EDF will be administered by the Institute