Uganda, May 4 -- After a long push and pull between farmers and government over the formation of a cooperative bank, farmers are now working on modalities that will ensure that the bank is formed in the near future.

Under their umbrella body National Alliance of Agricultural Cooperative in Uganda (NAAC), the farmers have resolved to start a microfinance facility that will evolve into a bank.

Mr Geoffrey Emmy Sayekwo, the outgoing chairperson at NAAC said the microfinance which is likely to be launched before the end of the year will be responsible for marketing and extending credit facilities to farmers.

"We are moving away from an organisation that relies on donor funding; while we start as a microfinance and going forward we aim at f...