The SRTF’s Revolving Credit Fund Completes the Distribution of Loans in Northeast Syria

Ar-Raqqa, Saturday 08 February 2025 – The SRTF announced the completion of the distribution of all types of loans to borrowers under its intervention, “Revolving Credit Fund (RCF) Phase III: Strengthening Agricultural Resilience and Incomes”, in Ar-Raqqa, Northeast Syria.

A total of 1,264 Agriculture Loans of an average of $2,015 were distributed, as well as five (5) Emergency Loans of an average of $520, and 25 Innovation Loans of an average of $22,831. The repayment periods for these loans range is around 20 months.

The combination of these different types of loans along with the provision of technical training, awareness raising and capacity-building workshops, aim to address the needs and fill the gaps within the agricultural ecosystem, enabling producers to access high-quality inputs and value chain actors to adopt innovative technologies. This improves borrowers’ prosperity and resilience allowing them to work towards a sustainable future, as they reduce barriers to production and increase growth and income generation.

This intervention is the third phase of the RCF initiative in Northeast Syria and fifth overall, only portraying the success of the previous phases across both; Northeast Syria and Northern Aleppo, and the great outcomes resulting from them.

Khalil, a borrower under this intervention, told the SRTF: “I saw advertisements regarding the RCF, so I applied for a loan, and they accepted my application and gave me one. Later, I attended training sessions. The loan I received was worth $45,000 and I used it to build solar energy panels which cut down a lot of the costs on me. I am now able to continue cultivating my land and supporting over 225 individuals, including over 210 women, who work in it. This also benefits their families, whether through the income they receive while working or through the vegetables they harvest and take home with them.”

Through the revolving of funds, community members are also expected to indirectly benefit as the local economy strengthens and agricultural value chains improve.

For more information on this intervention, visit:

Revolving Credit Fund Phase III: Strengthening Agricultural Resilience and Incomes

For more information on the SRTF visit:

http://www.srtfund.org

Media outlets may contact:

communications@srtfund.org