Malawi Enterprise Development Fund (Medf) and the Smallholder Farmers Fertilizer Revolving Fund of Malawi (SFFRFM) have entered into a partnership which seeks to provide loans to farmers to access farm inputs.
The partnership will see Malawians doing agriculture on a commercial basis accessing loan facilities from Medf to buy inputs, such as fertilizer, from SFFRFM.
Medf Chief Executive Officer, Mervis Mangulenje, said the initiative will help ease the financial pressure on farmers.
Mangulenje said in the absence of an agriculture bank, the partnership will help provide the bridge between farmers and input providers.
“We see this as a game changer in the agriculture sector as it will leave farmers with no excuse for not scaling up their production.
“We believe if farmers take advantage of the facility, they should be able to take farming to the next level,” Mangulenje said.
SFFRFM Chief Executive Officer, Andrew Kalinde, said his firm is excited to partner Medf in the initiative.
He said SFFRFM is ready to provide the required quantities to farmers to help them realise their dreams.
“What is crucial in this partnership is the synergy. We have two institutions coming together to provide services to help the local farmer realise their aspirations,” Kalinde said.