• News
    • Latest news
    • News search
    • Health
    • Finance
    • Food
    • Career news
    • Content series
    • Try Devex Pro
  • Jobs
    • Job search
    • Post a job
    • Employer search
    • CV Writing
    • Upcoming career events
    • Try Career Account
  • Funding
    • Funding search
    • Funding news
  • Talent
    • Candidate search
    • Devex Talent Solutions
  • Events
    • Upcoming and past events
    • Partner on an event
  • Post a job
  • About
      • About us
      • Membership
      • Newsletters
      • Advertising partnerships
      • Devex Talent Solutions
      • Contact us
Join DevexSign in
Join DevexSign in

News

  • Latest news
  • News search
  • Health
  • Finance
  • Food
  • Career news
  • Content series
  • Try Devex Pro

Jobs

  • Job search
  • Post a job
  • Employer search
  • CV Writing
  • Upcoming career events
  • Try Career Account

Funding

  • Funding search
  • Funding news

Talent

  • Candidate search
  • Devex Talent Solutions

Events

  • Upcoming and past events
  • Partner on an event
Post a job

About

  • About us
  • Membership
  • Newsletters
  • Advertising partnerships
  • Devex Talent Solutions
  • Contact us
  • My Devex
  • Update my profile % complete
  • Account & privacy settings
  • My saved jobs
  • Manage newsletters
  • Support
  • Sign out
Latest newsNews searchHealthFinanceFoodCareer newsContent seriesTry Devex Pro
    • News

    USAID Boosts Afghan Farmers’ Access to Credit

    By Ivy Mungcal // 22 July 2010
    An Afghan farmer visits an agricultural depot by the U.S. Agency for International Development. The U.S. and Afghanistan have signed a USD100 million grant agreement for expanding local farmers' access to financial services. Photo by: USAID

    The U.S. and Afghanistan have signed a USD100 million grant agreement aimed at expanding Afghan farmers’ access to financial services.

    The grant, dubbed Agricultural Development Fund, will be used to lend money to banks, microfinance institutions, food processors and other financial and non-financial institutions. The loans will be extended to local farmers to facilitate their purchase of seeds, equipment and other materials they need to expand their production.

    An USD50 million agricultural credit enhancement program will manage the fund’s lending operation. 

    The agreement was signed in a ceremony in Kabul attended by U.S. Agency for International Development Administrator Rajiv Shah, U.S. Ambassador to Afghanistan Karl Eikenberry, USAID Mission Director Earl Gast, Afghan Minister of Agriculture Asif Rahimi and Afghan Minister of Finance Omar Zakhilwal.

    “The Agricultural Development Fund will not only help the farmers get the money they need for higher production, but will also help these financial and non-financial institutions build their capacity to make these loans efficiently and effectively,” Shah said during the signing ceremony.

    • Funding
    • Agriculture & Rural Development
    • Banking & Finance
    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

    About the author

    • Ivy Mungcal

      Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.

    Search for articles

    Related Stories

    Food systemsAid cuts spark a rethink of African food systems rooted in agroecology

    Aid cuts spark a rethink of African food systems rooted in agroecology

    Food systemsAs USAID is dismantled, Republicans fight to save a food aid program

    As USAID is dismantled, Republicans fight to save a food aid program

    Devex NewswireDevex Newswire: Glass definitely half empty for State Department and USAID

    Devex Newswire: Glass definitely half empty for State Department and USAID

    Devex DishDevex Dish: The fate of food aid stranded by USAID’s unraveling

    Devex Dish: The fate of food aid stranded by USAID’s unraveling

    Most Read

    • 1
      How low-emissions livestock are transforming dairy farming in Africa
    • 2
      The UN's changing of the guard
    • 3
      Lasting nutrition and food security needs new funding — and new systems
    • 4
      The top local employers in Europe
    • 5
      The power of diagnostics to improve mental health
    • News
    • Jobs
    • Funding
    • Talent
    • Events

    Devex is the media platform for the global development community.

    A social enterprise, we connect and inform over 1.3 million development, health, humanitarian, and sustainability professionals through news, business intelligence, and funding & career opportunities so you can do more good for more people. We invite you to join us.

    • About us
    • Membership
    • Newsletters
    • Advertising partnerships
    • Devex Talent Solutions
    • Post a job
    • Careers at Devex
    • Contact us
    © Copyright 2000 - 2025 Devex|User Agreement|Privacy Statement