ZADT to raise funds for small-scale farmers

farmers countrywide.
In tender notices published in various newspapers, the trust said it was courting financial institutions to disburse the required funds.
It said their goal was to promote agricultural development in the country.
“The trust’s goal is to promote agricultural development through providing revolving funds to actors in agricultural value chains, with the purpose of strengthening smallholder farmers,” read the notice.
The required US$3,1 million is being set up to sustain the small-scale agricultural sector which provides self-sustenance and better livelihood.
Acute funding shortages are mainly affecting A1, small-scale and communal farmers who normally face challenges in accessing funding from banks.
Banks have always been urged to loosen up their agricultural lending policies and partner farmers by advancing them loans at affordable interest rates in order to improve the country’s agricultural sector.
FBC, Agribank and ZB are some of the banks that are currently on the market to raise funds for farming purposes.
ZADT is a non-governmental organisation set up to hold and administer funds for supporting smallholder farmers directly and indirectly in market-driven approaches to sustainable agriculture development.