Updated: Feb 19, 2020
The farmers were able to produce a fair amount of various agricultural products from their farms but were not able to get a fair price for their produce at the wholesale market as they were totally dependent on the middle men who dictated the price to them, often informing them of the prices a fortnight after the produce had been taken. They were literally at the mercy of these middle men and wanted to breakaway but did not know how.
MyNADI facilitated negotiations with both FAMA and Agrobank and with the help of the documents which had been prepared with the help of the myNADI task force, we were able to secure very favorable loans from Agrobank for some of the farmers.
The loans for the others are at various stages of being processed and we hope that soon more of them will have access to these loans from Agrobank.