Cassava farmers who received loans from the Development Bank of Rwanda (BRD) are appealing for relief of Rwf953 million debt after their crops were ravaged by a viral disease.
The loan was given to 29 farmers, 24 of them from Ruhango and the rest from Kamonyi, Nyanza and Gisagara districts.
They got the loans in the 2012/13 season, at 15 per cent interest rate. They had to pay it after one year when they had harvested their crop, but until now, only one farmer has managed to settle the debt.
BRD CEO Eric Rutabana told The New Times that only two farmers signed a revised loan consisting of waiving overdue loan repayment interest, and paying off over a five-year period from the time of signing the contract. The bank restructured the dea…
Read the full article at: http://www.newtimes.co.rw/section/read/231266/
