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| Coffee farmer |
NMB Bank intends to offer 800m/- to 10 Agriculture Marketing
Cooperatives Societies (AMCOS) for buying coffee from several villages in
Tarime District, Mara Region.
The bank plans to dish out the money during this coffee buying season
that runs from May to March next year through its Warehouse Receipt System of
Finance (WHRF) initiative that aims to enable farmers fetch good prices for the
crop.
“Some 365m/- has already been allocated for four societies and they
will start getting part of it for mobilisation any time from now,” NMB Lake
Zone Value Chain Agribusiness Manager, Mr Samuel Mshote, said.
“Our aim is to provide 800m/- support to 10 societies to buy coffee
from their members and other neighbouring farmers,” Mr Mshote told the ‘Daily
News’ shortly after facilitating a seminar organized by NMB to educate targeted
societies.
Participants discussed and laid out strategies against challenges that
hampered the societies from spending 500m/- allocated for them by the bank last
season.
“This is the second time we are giving societies funds to buy coffee.
Last season we allocated 500m/- but they used 200m/- of it due to a number of
challenges and that is why we are here to address them so that they can this
time use the whole money to make good money,” Mr Mshote said.
Source: The Daily News,http://www.dailynews.co.tz, reported by Mugini Jacob in Mara
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