CREDIT FOR JORDAN VALLEY FARMERS ASSOCIATION

FUNDS WILL BE CHANNELED THROUGH THE JORDAN VALLEY AUTHORITY TO THE JORDAN VALLEY FARMERS ASSOCIATION (JVFA). JVA WILL USE THE SUM TO EXTEND SUPERVISED, SEASONAL LOANS TO ITS FARMER MEMBERS TO INCREASE CROP PRODUCTION ON SMALL IRRIGATED FARMS IN THE JORDAN VALLEY. INTIALLY, LOANS OF JD 800, AVERAGING 9 MONTHS, WILL BE EXTENDED TO APPROXIMATELY 500 FARMERS. EXTENSION AGENTS OF THE MINISTRY OF AGRICULTURE WILL ASSIST FARMERS WITH THE PREPARATION OF FARM PLANS AND THE COMPLETION OF LOAN APPLICATIONS. LOANS WILL BE BASED ON FARM PLANS WHICH DEMONSTRATE A POTENTIAL FOR INCREASED PRODUCTION AN INCOME IN ADDITION TO CHARACTER AND FINANCIAL STATUS OF THE BORROWERS. BENEFICIARIES WILL BE THE CREDIT-WORTHY FARMERS OF THE VVFA.