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Kafalat has launched a $47.6 million direct loan program to eligible agri-food businesses and rural agri-tourism value chains to benefit around 390 enterprises. The loan initiative is part of the Green Agri-Food Transformation for Economic Recovery (GATE) project, which is funded by a $200 million World Bank loan. The loans will range from $100,000 to $400,000 for larger projects, representing $33 million of the total allocation. A minimum of $14 million is reserved for loans of up to $100,000 to ensure support reaches smaller enterprises. To q...more |