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New initiative to fund smallholder farmers launched

Published on July 24, 2017

The International Finance Corporation (IFC) and the Global Agriculture and Food Security Programme (GAFSP) are going to launch smallholder farmer financing programmes with the United Nations World Food Programme (WFP) to improve food security among vulnerable people in Rwanda and Tanzania.

The initiatives with KCB Bank Rwanda and CRDB Bank in Tanzania are part of the Farm to Market Alliance, a multi-stakeholder platform established in 2016, of which IFC and WFP are global members, to create agriculture value chains that secure sizeable local and international demand for produce from smallholder farmers, according to a statement from the two organisations. Read more. Source | New Times