A REVOLVING fund to support members of the Ejisu-Juaben Pig Farmers and Processors Association to develop their businesses has been launched at Ejisu.
The United States African Development Foundation (USADF) has provided $141,000 to start the fund, with the Development Solutions Centre (DSC), a non-governmental organisation (NGO) in Accra as the main implementing agency.
Under the fund, beneficiary farmers would be provided money to develop and expand their businesses at an interest rate of 12.5 per cent.
Speaking at the launch of the fund, the Chief Executive Officer (CEO) of DSC, Mr Charles Nornoo, said the association had become a beneficiary of financial support from USADF because of the desire of the members to take keen interest in their businesses.
He said the association had earlier received $100,000 in grants from the USADF.
Mr Nornoo urged the members to make good use of the money when they were released to them.
He stated that if the fund was well managed, it would grow to enable the farmers and processors to reap more benefits from it.
Mr Nornoo said there was virtually no barrier in accessing the facility at the disbursing bank.
The Programmes Manager of DSC, Mr Sebastian Deh, said USADF had organised training programmes for the association to sharpen their skills in their businesses.
He urged members of the association to continue to support themselves even as they received external assistance to grow.
The Chairman of the association, Mr Kwame Dei Ampofo, commended USADF for its continued support, which had gone a long way to benefit members of the association.
He gave the assurance that they would make good use of the money, promising to pay back the loans on time.