UGANDA – Kabarole Research & Resource Centre in Uganda has obtained a credit facility amounting to 572 million shillings US$148,397 from the Microfinance Support Centre (MSC) to bolster the dairy sector’s growth in the Tooro region.
The initiative is part of the “Cash a Cow” project, aimed at increasing milk production, raising household incomes, and fostering local economic growth.
The credit facility will fund the purchase of 60 in-calf heifers, which will be provided to selected farmers in the Tooro region on credit.
Under the arrangement, farmers are expected to make monthly payments of 235,000 shillings per month for 48 months. The pilot phase of the project will commence with 20 identified farmers.
The project’s primary objectives include boosting the stock of high milk-producing cattle in the region, addressing malnutrition concerns, and improving the livelihoods of local communities.
The initiative aligns with KRC-Uganda’s commitment to research-led solutions that directly impact community well-being.
Tom Rubale, the Vice Chairperson of the Board of Directors at KRC-Uganda, emphasized the organization’s vision to combat malnutrition and enhance local community livelihoods.
He highlighted the importance of accountable financial management to ensure the project’s success and strengthen the partnership with MSC.
Msgr. Isaiah Mayombo, Chairperson of the Investment Committee, called for responsible management of funds, emphasizing the project’s direct engagement with the community. He stressed the need for a consolidated relationship with MSC to maximize the project’s impact.
Amon Tumusiime, a Relationship Officer and Focal Person for the LEGS project at MSC expressed optimism about the project’s success.
He noted that the KRC-Uganda model addresses the financial exclusion of many farmers due to a lack of security, aligning with the region’s deficit in milk collection.
Mohammed Ahmed Shariff, the Executive Director of KRC-Uganda, highlighted that the project’s conceptualization was informed by research, considering nutritional aspects and improved incomes for farmers with quality cows.
“The project aims to contribute to environmental sustainability by mitigating greenhouse gas emissions and promoting biogas production,” he added.
“A specialized team will undergo training to adopt a private sector mindset to effectively implement the project. KRC-Uganda recognized nationally for its research, advocacy, and community development efforts, believes in empowering communities through a comprehensive understanding of their needs.”
The “Cash a Cow” project emerges as a holistic initiative to address economic, nutritional, and environmental challenges, reflecting KRC-Uganda’s commitment to community-driven development.
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