SEND-Ghana
The Chamba Community Cooperative Credit Union Limited with the support of SEND-Ghana, a non-governmental organization, has disbursed an amount of GH¢121,750.00 credit to some small scale farmers at Chamba in the Nanumba North District of the Northern Region.
The credit facility to the farmers is a component of the FOSTERING project, which is aimed to reduce food insecurity and improve the standard of living of the people in the beneficiary areas.
Mr Andrews Makala Nbibini, Manager of the Chamba Community Cooperative Credit Union, who disclosed this to the media on Thursday, said the farmers were supposed to repay the facility within nine-months with an interest rate of 20 per cent.
He said GH¢84,850.00 of the said amount was disbursed last farming season while GH¢36,900.00 was disbursed in 2015 farming season.
Mr Nbibini indicated that since the credit disbursement last year, many of the beneficiaries had recorded appreciable improvement in their financial status, and urged them to utilize the credits for its intended purpose to gain the full benefits.
Mr Moses Bafani, a Farmer, who is implementing the gender model family concept of the FOSTERING project, indicated that his family was now healthy and united.
He said the gender aspect of the project had taught him to assist his wife in cooking, bathing the children and washing the wife’s clothes, despite the fact that they were living in a predominantly traditional community.
The Food Security through Cooperatives in Northern Ghana (FOSTERING) project is aimed at boosting food production through production loans to farmers to enable them to invest in farming activities.
The 8,032,149.00 million Canadian dollar project is being implemented in eight districts in the Northern and Volta regions and expected to reach 130 communities with funding from the Department of Foreign Affairs, Trade and Development of Canada and the Canadian Co-operative Association.
