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The Financial Express

Bank Asia, WorldFish sign MoU on digital financial support to fish farmers


Lankabangla and Fianancial Express Lankabangla and Fianancial Express
Bank Asia, WorldFish sign MoU on digital financial support to fish  farmers

Bank Asia and WorldFish have signed an agreement on introducing a formal financial package for smallholders involved fish farming and aquaculture market actors in three southern districts – Jashore, Satkhira and Barisal with an aim to bring them under digital financial support network.

 Md Arfan Ali, President & Managing Director of Bank Asia, and Mr. Jon Thiele, Chief of Party, Feed the Future Bangladesh Aquaculture & Nutrition Activity signed the agreement on behalf of respective sides at a function held at the Worldfish office at Banani, Dhaka recently.

Under the project micro-loan will be provided to fish and aquaculture farmers at lower interest rate with flexible repayment terms and conditions. Besides, SME loans will be offered to the market actors -- input retailers, hatchery owners and feed sellers who have the closest link to the farmers, based on their (market actors) digital transaction history.

Bank Asia and USAID-funded Feed the Future Bangladesh Aquaculture and Nutrition Activity are co-financing the project.

 -rmc//

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