TANZANIAN BANK PLANS TO HELP FARMERS OBTAIN SOFT LOANS

DAR-ES-SALAAM-- The Tanzania Agricultural Development Bank (TADB) is working on a comprehensive capacity-building programme designed to enable more than 500,000 smallholder farmers in the country to form groups to secure soft loans.

TADB Manager of Public Relations and Marketing Said Mkabakuli said here Monday that the programme would benefit the farmers since they will be linked to both local and international markets.

Farmers training is included under the TADB Five-Year Business Plan (2017-2021) which includes capacity -uilding for farmers in production groups so that it can be easy for them to obtain loans from financial institutions, he added.

Mkabakuli, who was briefing the Deputy Minister for Agriculture, Omar Mgumba, when he visited the TADB pavilion at the Nane Nane Exhibition in Bariadi's Nyakabindi grounds, said the bank was committed to ensuring that farmers nationwide benefit from the bank and contribute significantly to the agriculture sector.

We are devoted to empowering smallholder farmers so that they meet criteria needed for them to access loans from any financial institution within and outside the country for improved productivity, he said.

Source: NAM NEWS NETWORK