Garowe, Somalia – 18,03,2026 – Himilo Microfinance Institution has successfully disbursed the asset product to the Laacdheere group, a key beneficiary under the Program Credit Guarantee Facility for Agricultural Loans, which is part of the Multilateral Fund Project. This milestone marks a significant step in strengthening financial access for agricultural enterprises in Somalia.
The asset disbursement is designed to enhance agricultural productivity and support smallholder farmers by providing essential resources to improve their operations. The Laacdheere group, consisting of dedicated farmers and agribusiness entrepreneurs, is expected to utilize this funding to acquire necessary equipment and infrastructure that will boost their productivity and sustainability.
Speaking on the occasion, a representative from Himilo MFI emphasized the institution’s commitment to fostering financial inclusion and economic empowerment. “Our mission is to enable small-scale farmers and agribusinesses to access the financial resources they need to thrive. Through the Credit Guarantee Facility, we are reducing barriers to agricultural financing and ensuring that farmers have the means to grow their businesses and contribute to food security,” the representative stated.
The Program Credit Guarantee Facility for Agricultural Loans, backed by the Multilateral Fund Project, aims to mitigate the risks associated with agricultural lending, making it easier for financial institutions to extend credit to the sector. This initiative aligns with broader efforts to promote sustainable development, enhance rural livelihoods, and strengthen Somalia’s agricultural economy.
Members of the Laacdheere group expressed their gratitude for the financial support, highlighting how the asset product will facilitate expansion, modernization, and increased production. “This support comes at a crucial time for us. With improved resources, we can increase our yields, access better markets, and ultimately improve our livelihoods,” a spokesperson for the group remarked.
Himilo MFI continues to play a vital role in Somalia’s financial landscape, championing microfinance solutions that empower individuals and communities. With this latest disbursement, the institution reaffirms its dedication to fostering economic resilience and sustainable agricultural growth in the region.
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