Highlights of key achievements
- 165% Farmer reach. aBi supported 37 projects and reached a total of 200,435 (F-86,943; M-113,492) smallholder farmers (43% female), representing 165% of the 121,614 beneficiary farmers annual target.
- UGX7.9bn Additional income. The additional net income realised by the beneficiary IPs (agribusinesses/ SMEs) attributable to aBi support was at USh7.9bn, 66% of the annual target of UGX12bn.
- 954 Jobs created. A total of 954 FTE jobs (633 male, 321 female) were created at agribusiness/SME level. This represents 88% of the annual target of 1,083. Most of these jobs (21%) were created by coffee agribusinesses (129 males, 75 females) during collective marketing, produce handling and processing.
- Covid- 19 effect. Sales of some value chains such cereals remained depressed during the Covid-19 lockdown. Some of produce got held up in stock and were subsequently sold at lower price.
Highlights of key achievements
- 165% Farmer reach. aBi supported 37 projects and reached a total of 200,435 (F-86,943; M-113,492) smallholder farmers (43% female), representing 165% of the 121,614 beneficiary farmers annual target.
- UGX7.9bn Additional income. The additional net income realised by the beneficiary IPs (agribusinesses/ SMEs) attributable to aBi support was at USh7.9bn, 66% of the annual target of UGX12bn.
- 954 Jobs created. A total of 954 FTE jobs (633 male, 321 female) were created at agribusiness/SME level. This represents 88% of the annual target of 1,083. Most of these jobs (21%) were created by coffee agribusinesses (129 males, 75 females) during collective marketing, produce handling and processing.
- Covid- 19 effect. Sales of some value chains such cereals remained depressed during the Covid-19 lockdown. Some of produce got held up in stock and were subsequently sold at lower price.
Key Achievements (Jan to Dec 2020)
- 207,128 New loans across all products (112,677 FSD, 21,591 LoC and 21,591 ALG).
- Green Growth. The Board approved the Green Growth strategy and implementation started.
- 37 Number of projects supported
- 165% Number of smallholder farmers reached: 200,435 (F-86,943; M-113,492)
- 10% Additional export value for IPs: UGX15bn (10% of 2020 target)
Financial highlights as at 31st Dec 2020
- UGX 20.9bn Interest Income. aBi Finance made Interest Income of UGX 20,879,693,000 in January- December 2020, up from UGX20,295,949,000 the previous financial year.
- UGX 200bn Total assets. Total assets for aBi Finance as of 31 December 2020 amounted to UGX 200bn, up from UGX 182bn in 2019
- UGX 8.7bn Profit. aBi Finance made an after-tax profit of UGX 8.7bn for the year ended 31 December 2020, up from UGX 7.5 bn in 2019.
- Equity. As of 31 December 2020, total equity for aBi Finance increased to UGX 184.5bn compared to UGX 174.5bn in 2019, owing to the total comprehensive income of UGX 8.7bn generated in the year.