Key recommendations from the group included:
- Value chain financing that improves quality and efficiency in financing agricultural chains by identifying the financing needed to strengthen the chain; tailoring financial products to suit the needs of the participants in the chain; reducing financial transaction costs through the direct discounting of loan; payments at the time of product sale; and using value chain linkages and knowledge of the chain to mitigate risks to the chain and its partner.
- The Village Saving and Loan Associations (VSLAs) should be linked to the banks to have more access to financial services. A few banks with these products like Barclays Bank, Post Bank, Bank of Arica have these products but more banks need to be encouraged to take up this system.
- Strengthen savings and credit cooperative societies (SACCOs). Participants were informed that government is working hard with the Uganda Cooperative Alliance to ensure that the SACCOs are strengthened.
- Use of technology to aid saving e.g. mobile banking system
- Financial literacy is urgently needed so that the youth in agriculture can easily take advantage of the government subsidies, benefits etc. The financial literacy will also lead to behavior change.
- Multi-sectoral approaches so that interventions in health and HIV are integrated into youth agricultural interventions.