New Loan opportunity to Enhance Agriculture

NCCU_logoA new loan facility has been launched by the National Cooperative Credit Union.

Mr.  Ailma Irish, Cheif Executive Officer of NCCU,  said that very often there is a scarcity of various agricultural produce in Dominica. He informed, that $500, 000 will be funded to members who want to get involved in farming of non banana crops.

Th general objective of the loan opportunity, is to create self employment, employment for service providers and to ensure food security.

For a member to benefit from the facility he or she is expected to be in possession of a portion of land suitable, for agricultural production.

Members will also be provided with a delay payment of their installment, which will be dependent on the crop and the amount of time required from planting of that crop.

According to Mr. Irish, the maximum payment period is two years and farmers are expected to obtain recommendations from the extension officers.

The objective of this new loan facility is to enhance the quality of life of the members.

The new facility is open to the public, and members can visit any of the five branches of the NCCU to inquire.

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