Uganda, April 12 -- A section of farmers have asked Parliament to put in place a legal framework for the establishment of an Agriculture and Cooperative Bank.

Lt (rtd) Moses Mugisha Magufuri Babyomera, the national coordinator of the Agriculture and Cooperative Bank Promoters, said they submitted a petition to Parliament over the need to expedite the process.

"We need a bank that understands the farmer in terms of gestation period. For example, if you go to a bank now and you want a loan to go for coffee which takes around three years, you need a bank that will start asking for loan payment after you have started harvesting," he said.

"But these commercial banks, they give you money today, the next month they want you to start paying b...