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2010

Agricultural Credit Enhancement (ACE)/Agriculture Development Fund (ADF) Afghanistan

Afghanistan

Agence de Développement International du Gouvernement des Etats Unis

Titre : Agricultural Credit Enhancement (ACE)/Agriculture Development Fund (ADF) Afghanistan

Country : Afghanistan

Sector : Agriculture and Food Security

Project Timeline : 07/18/2010 - 01/15/2015

Project description
In July 2010, USAID established two initiatives to support agriculture in Afghanistan. The first was a $100 million grant to the Ministry of Agriculture, Irrigation and Livestock (MAIL) to establish a fund for financing small scale agricultural sector businesses, called the Agricultural Development Fund (ADF). The ADF functions as a wholesale lender to Afghan agriculture sector businesses, channeling credit through financial and non-financial institutions.
The second initiative was $50 million to the Agricultural Credit Enhancement (ACE) project, whose objectives were to establish and manage ADF lending activities, and to provide support to agricultural value chains in both the public and private sectors.
The ADF is a fully registered and functional Afghan financial institution. It provides credit to small commercial farmers and agribusinesses, particularly those that add value to agricultural products such as distributors, high-value crop producers, processors, and exporters. The ADF has more than 100 employees, a central office in Kabul and five regional offices in Jalalabad, Bamyan, Mazar-e-Sharif, Herat, and Kandahar.
By the end of 2014, the ADF had approved loans for over $103 million. USAID records shows the loans directly benefited over 30,000 farmers in 33 of Afghanistan’s 34 provinces.

Total obligation : $150 million

Présentation (USAID)

Page publiée le 26 février 2014, mise à jour le 29 mars 2017