BY NOMTHANDAZO MAYISELA (INTERN)
MBABANE – For many farmers on Swazi Nation Land, access to funding has long been a barrier to growth. Now, support of up to E15 million from the Industrial Development Company of Eswatini is helping change that reality by enabling farmers to expand production and build sustainable businesses.
This support targets farmer companies and associations in the sugarcane sector across Eswatini, particularly those operating on SNL. Farmers access the funding through a structured financing model that prioritises project viability, with implementation already supporting ongoing agricultural development.
To qualify, farmers must meet key requirements, including securing a quota from the Royal Swaziland Sugar Corporation, preparing a business plan, showing cash flow projections and contributing at least 20 percent towards the project.
Unlike traditional lenders, IDCE does not rely mainly on collateral. This opens opportunities for farmers who do not have title deeds but have viable farming projects.
Repayment structures are aligned with harvest periods. This allows farmers to repay loans when income is generated, reducing financial strain and supporting continuity.
Beyond financing, IDCE works closely with farmers throughout the farming cycle. When challenges arise, the institution provides guidance and support to help restore productivity and ensure long term success.
The impact is visible in growing farmer confidence and stronger farmer organisations. Working in groups allows farmers to share resources, access markets and improve efficiency.
This model is not only improving productivity but also creating jobs and strengthening rural economies. It is helping farmers move from small scale operations to structured and sustainable agribusinesses.
As more farmers benefit from this support, SNL is gradually transforming into a space of opportunity, where access to finance is no longer a barrier but a driver of growth and resilience.
#Agriculture #IDCE #SugarcaneFarming #Eswatini
