May 26

Heifer International Announces $3.5 Million Tractor Financing Support for Africa

International development organization, Heifer International, today announced an additional $3.5 million in funding for its tractor financing initiative in Africa to speed up the pace of agricultural development on the continent.

The investment comes two weeks after the launch of Hello Tractor’s innovative Pay-As-You-Go (PAYG) Tractor financing for agri-entrepreneurs in Nigeria with $1 million USD from Heifer International, taking the organization’s investment in catalytic funding for tractor financing in Africa to $4.5 million USD.

Photo courtesy of Loren King.

Source: Blueprint (link opens in a new window)

PAYGO finance