Microfinance for Tanzanian farmers.

Author:Rosenberg, Anna
Position:AFRICAN BANKER'S WORLD - Brief article
 
FREE EXCERPT

The Tanzania National Microfinance Bank (NMB) in partnership with the Alliance for a Green Revolution in Africa (Agra) has unveiled a $6.1m farm input credit scheme to target poor Tanzanian farmers and improve the country's network of rural agro-dealers. A memorandum of understanding signed in Dodoma, Tanzania, between the two institutions says the scheme will boost subsistence farming in five pilot districts by providing access to farm inputs. NMB will provide a total of $5m for loans that Agra and the Financial Sector Deepening Trust (FSDT), a Tanzanian government finance initiative, will underwrite by s1.1m in ring-fenced guarantees. Tanzania's agriculture minister, Stephen Wassira...

To continue reading

REQUEST YOUR TRIAL