IFDC Report, Volume 22, No. 1
This report highlights the success of Mohammed Ibrahim, an entrepreneur from Bangladesh who transformed his egg production business with the support of the Agrobased Industries and Technology Development Project (ATDP). Facing challenges in meeting the local demand for eggs, Ibrahim built a poultry shed for 5,000 chickens and successfully expanded his egg business. Seeking financial assistance, he applied for a working capital loan funded through the Agribusiness Credit Fund (ACF) established by the ATDP. The report showcases how ACF loans have empowered numerous entrepreneurs like Ibrahim, enabling them to invest in agribusiness ventures and contribute to food security in Bangladesh. Implemented by the Government of Bangladesh, USAID, and a consortium led by IFDC, the project aims to create competitive markets for agricultural inputs, outputs, and technologies through a $52 million agribusiness credit fund. The report emphasizes the project's impact in fostering economic growth, revitalizing agricultural subsectors, and improving the livelihoods of farmers and agribusiness entrepreneurs across Bangladesh.