By Namugerwa Martha
Palm oil farmers in kalangala have appealed to the International Fund for Agricultural Development (IFAD) delegates to assist them with cheaper loans in order o help them with the bank loans that almost take 1\3 of their monthly harvest.
Farmers said to the delegates that they acquire loans from the banks and pay almost all their monthly harvest and many others pay all their monthly payments to banks.
Farmers said this during the delegates meeting with palm oil farmers in Magola sub county, Kalangala while inspecting the palm oil development project today.
“We acquire loans from banks and pay 1\3 of our monthly harvest and many others have fully serviced loans,” farmers said.
Kyewunda Deo one of the palm oil small holder farmers who hosted the IFAD delegates at his home thanked IFAD and the government for introducing the palm oil project which has benefited several farmers especially in financing their homes, children’s education and health needs.
“We appeal to you to help us with cheaper loans to assist us in purchasing fertilizers as many of us can’t afford their costs,” Kyewunda said.
Martin Rugambwa, another farmer said that as a result of the palm oil project, road infrastructure in Kalangala has improved and many others have managed to build good houses for their families.
Palm oil project is one of IFAD’s projects of developing rural areas and is benefiting up to 1,810 small scale farmers whereas 36% of them are women.
Small scale farmers have 6,500 hectares of palm tree plantations in addition to 4,400 hectares by BIDCO a private sector.