Farmers trained in using BK’s IKOFI in purchasing farm inputs

By Elina Jonas Ruzindaza
On 5 August 2020 at 02:15

Bank of Kigali (BK) in collaboration with the Rwanda Agriculture Board (RAB), has started training agricultural assistants on how to use the ’Smart Nkunganire’ program, through which they can apply for loans for the purchase of seeds, fertilizers, pesticides and other farm inputs.

The farmers’ training began on Tuesday, August 4, 2020, and will last for 15 days in Kigali City.

They will be trained to remind farmers to sign up for the Smart Nkunganire program, how the vendors will be able to trade, and how to pay using the BK’s IKOFI technology. It is all about making it easier for the farmer to get fertilizer without using paper money.

Gatabazi Egide, RAB’s Nkunganire Program Director, said that after the event, the facilitators will also train farmers from across the country, those in charge of fertilizers, cell economic development, and agricultural advisors on the village level.

He added that while farmers are responding to this approach, it will help them to meet the needs of modern agriculture easily.

Registration in Smart Nkunganire and payment through the BK’s IKOFI technology will help prevent Coronavirus outbreaks as there will be no money notes payments by hand and it will reduce travel costs.

Head of Marketing and Products development at BK, Nshuti Thierry, said they have partnered with RAB in the process to keep the bank involved in the development of modern agriculture.

Nshuti pointed out that there are many benefits to using BK’s IKOFI in buying supplements including instant access to loan facilities.

Nshuti explains that the loan is issued immediately without requiring farmers go through the laborious process of filling forms.

One of the trainees, Egide Ahishakiye, said that they also see it as something that will help the agricultural sector to keep pace with development.

The participants were taught all the techniques that will be used to make agriculture possible through the use of technology
The farmers’ training began on Tuesday, August 4, 2020, and will last for 15 days in Kigali City
Nshuti Thierry said they have partnered with RAB to keep the bank involved in the development of modern agriculture

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