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.
Details
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Document Date
1967/04/30
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Document Type
Staff Appraisal Report
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Report Number
TO586
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2010/06/18
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Disclosure Status
Disclosed
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Doc Name
Jordan - Second Agricultural Credit Project
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Keywords
farmer;fruit and vegetable;land and water;loan appraisal;farm water supply;Land and Water Resources;profit and loss account;loan portfolio;interest rates to borrower;fresh fruit and vegetable;cash inflow;tree crop;farm machinery;financial return;loans to farmer;demand for credit;terms of lending;water supply development;land reform program;foreign exchange;farm development;project costing;irrigation scheme;
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Citation
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