Over 500,000 Tanzanians farmers to get UN loans

More than 500,000 poor people in rural areas of Tanzania are expected to benefit from a $90 million loan from the International Fund for Agricultural Development (IFAD).

Tanzanians

IFAD and the Tanzanian government have signed a loan agreement to facilitate access to rural financial services and markets and to promote private sector development in the country.

Jocelyn Sambira reports.

The $90 million dollar from the International Fund for Agricultural Development (IFAD) is aimed at enabling smallholder producers to have access to financial services, markets and opportunities to add value to their products.

The IFAD loan will also enhance the capacity of commercial banks to lend money to agriculture and strengthen institutions that provide small loans in rural areas.

More than 500,000 poor people in rural areas of Tanzania are expected to benefit from the loan.

It will also allow Tanzania to implement its strategy to achieve a modernized, commercial, highly productive and profitable agricultural sector by 2025.

Duration: 41″

Filed under Today's News.
UN Radio Daily News Programme
UN Radio Daily News Programme
Updated at 1800 GMT, Monday to Friday
Loading the player ...

CONNECT

 

October 2017
M T W T F S S
« Sep    
 1
2345678
9101112131415
16171819202122
23242526272829
3031