Despite existing state of quarantine, ADF continues to operate and serve its clientele; the Management has therefore not spared any endeavor to support the growth and development of agriculture, and agricultural support services to ensure agribusinesses and farmers have access to credit in this growing season.
On June 17, 2020, ADF managed to organize a Credit Committee meeting chaired by His Excellency Mahboobullah Nang, Deputy Minister, and Head of Credit Committee to discuss three loan cases. The ADF business development and technical teams presented and secured the approval of three cases collectively reaching to AFN 634.6 million. The first approved case relates to one of the financial intermediaries that will be for five years benefiting over 1,000 farmers annually.
The second approved loan will go to a food production company that will use it for purchase of machinery and flour, and the last approved case will go to a flour mill to purchase wheat for production of flour.
At this difficult time, ADF is further committed to ensure agribusinesses and farmers are served on timely fashion.