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Rwanda’s Kigali Farms secures AgDevCo loan to support mushroom farmers.

Rwanda’s Kigali Farms has secured a loan from AgDevCo to support mushroom farmers. The agribusiness sells mushroom growing kits to more than 1,700 smallholder farmers and buys back some of the harvest at a guaranteed price.

The $450,000 loan from the UK-government-backed AgDevCo will help the company meet strong mushroom demand from retailers, hotels and conference centers.

Kigali Farms will use the cash to complete a new production facility in northern Rwanda.

AgDevCo has invested over $90 million in 59 sub-Saharan African agribusinesses (see “Lowered Risks Means Higher Returns for Agriculture Investors in Frontier Markets”).

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