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Jordan - Second Agricultural Credit Project (English)

In recent years ACC has played an important role in financing agricultural projects on which its lending program for the period 1967-70 will continue to focus. Within this program, involving total lending of JD 5.4 million (US$15 million). IDA funds would be used for loans for land reclamation and improvement, tree crop establishment, farm water supply development, purchase of farm machinery and on-farm development within Government irrigation schemes. The IDA-financed project would involve loans to some 4,000 farmers, for periods of 5-12 years, amounting in total to $5 million to which ACC will contribute from its own resources $2 million. In addition, the funds expected to be available to ACC from loan collections and profits would enable it to lend outside the project another $10 million. Most of this amount would be used directly by ACC for the financing of purchases of local cattle, sheep and draft animals, the establishment of poultry farms and storage and processing facilities.

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Jordan - Second Agricultural Credit Project (English). Technical operations projects series ; no. TO 586 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/835481468292265955/Jordan-Second-Agricultural-Credit-Project