Civil Society Agriculture Network (Cisanet) has said the country’s major farm input distributor, Malawi Rural Finance Company (MRFC), currently under liquidation, should be replaced to ensure that small and medium scale farmers access credit for them to develop.
MRFC, a government-owned company, has been under voluntary liquidation since last year.
“We are aware that MRFC has been struggling because people were misinformed not to pay back credit to the company. Credit is the lifeline of agriculture in the country and MRFC was playing an important role.
“Although it is important to liquidate the company, we need some similar company that would provide the facilities that were being offered by MRFC,” he said.
Mvula said to avoid the challenges that MRFC has been experiencing, there is need to bring in a different set up.
Treasury spokesperson Nations Msowoya, in a telephone interview last Tuesday, asked for more time to find out whether government would replace MRFC or not.
MRFC liquidator Hastings Bofomo Nyirenda in a statement said all persons having any claims with the company and all those holding personal chattels, titles to properties and any debts or assets due to the company should send details of the same together with proof of liability to the liquidator within 30 days of publication of the notice.