Customize your lending products to meet farmer needs, EAX tells financial institutions

Financial institutions have been told to provide only tailored made products to smallholder farmers that meet their needs.

Financial institutions have been told to provide only tailored made products to smallholder farmers that meet their needs.

The East Africa Exchange, a Commodity Exchange set up to link smallholder farmers to commodity markets as well as improve financial inclusiveness made this declaration during a one day training session for Urwego Opportunity Bank staff aimed at promoting a better understanding of its warehouse receipts finance system.

The EAX also trained the Bank on commodity pricing models and trends, and the use of commodity pricing models to develop loan products that meet the needs of the farmers.

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