Facility RIF II
Enabled via Incofin RIF II TA facility, Incofin has been working with Unguka Bank to develop an agricultural lending strategy, related products and methodologies as well as to migrate to a new, more efficient core banking management system. Three types of agricultural value chains have been identified as the most promising to be financed by Unguka Bank: egg, rice and Irish potato. The product prototypes and related methodologies are currently being piloted in three branches of Unguka Bank and are expected to be rolled out in early 2018. Unguka Bank aims to reach 15.000 new clients with the new products which will represent 20% of its total loan portfolio by 2018.