Together with the new project PRuDent (Project for Rural Development in Bhutan), RENEW Microfinance is pleased to announce a new loan product:
Power Tiller Loan
PRuDent came up with the idea of cooperating with Karma One Stop Shop. Farmers now can avail a certain range of power-tillers to a discounted price when availing for this new loan product which is approved by RMA.
Farmers have the chance to get power-tillers delivered to their place by just applying for the loan – everything else is cared for. The procedures were piloted in Dagana and Tsirang branch, further roll-out just has commenced.
We believe that this will help farmers in rural areas very much. Once this loan product is established RENEW MFI is thinking to include further machinery.
PRuDent Project Team
Dr. Uwe Draeger