{"id":33291,"date":"2021-07-22T16:29:37","date_gmt":"2021-07-22T16:29:37","guid":{"rendered":"https:\/\/www.africa-press.net\/tanzania\/?p=33291"},"modified":"2021-07-22T14:29:48","modified_gmt":"2021-07-22T14:29:48","slug":"tadb-clinton-foundation-to-unlock-soybeans-value-chain","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/all-news\/tadb-clinton-foundation-to-unlock-soybeans-value-chain","title":{"rendered":"TADB, Clinton Foundation to unlock soybeans value-chain"},"content":{"rendered":"

Africa-Press<\/a> – Tanzania<\/a>. <\/strong><\/span>THE Tanzania Agricultural Development Bank (TADB), has entered into a strategic partnership with the Clinton Development Initiative (CDI), an initiative of the Clinton Foundation that will allow the agri-bank to disburse up-to 500,000 US dollars (about 1.15bn\/-) to unlock the soybean value-chain in Iringa Region.<\/p>\n

According to a Memorandum of Understanding (MoU) recently signed between the two parties, the partnership aims at enhancing financial accessibility to 29 Agriculture Marketing Cooperatives (AMCOs), that will impact 2,900 CDI supported farmers engaged in the production and marketing of soybeans, for a period of three years.<\/p>\n

\u201cTADB is excited about this partnership, as it is the first intervention our bank is partaking in the soybeans value-chain. There is an increasing demand for soya as a fortifier in human foods, and there is an active cadre of small to-medium-scale entrepreneurial processors, mostly women, servicing this requirement. Similarly, there is a growing demand for soya as an ingredient in animal feeds, especially for poultry,\u201d said TADB\u2019s Managing Director, Japhet Justine.<\/p>\n

He continued, \u201cThis MoU has therefore set a loan facility that will be used to help farmer leaders, village community banks (VICOBA), and AMCOs members to have access to basic seeds to multiply into Quality Declared Seed (QDS) and certified seeds for producing soybean grains. The AMCOs will also get aggregation loans for them to have the capacity of undertaking early purchase of soybeans and post-harvest handling linkage to markets.\u201d Tanzania Country Director at CDI, Monsiapile Kajimbwa, said<\/p>\n

\u201cUnder the partnership, CDI has committed to contributing resources to put towards financial training and agribusiness development support as a catalytic investment to TADB, whereby TADB will disburse the respective 500,000 US dollars (about 1.15bn\/-) in different phases during the partnership period.\u201d Kajimbwa added,<\/p>\n

\u201cThe investment will help soybean small-scale producers put more money into their pockets, as CDI\u2019s cooperatives are better positioned to serve their members. For several years, we have seen success with input and output loans through our cooperatives. It is now timely to scale up the model in the region.\u201d<\/p>\n

On his part, the Iringa Farmers\u2019 Cooperative Union (IFCU) General Manager, TumainiLupola, said, \u201cThis intervention is a grand opportunity for IFCU to support cooperatives to develop structured marketing of agriculture commodities, especially soybeans benefiting their members and farmers. The output loan will specifically enable AMCOs to undertake early purchase from their members, aggregate and supply to off-takers in higher quantity and better quality in a more consistent manner.\u201d IFCU involvement is twofold \u2013 they\u2019ll benefit directly from the loan and be an administrator of the AMCOs.<\/p>\n

In addition to that, TADB\u2019s Managing Director, Justine said, \u201cProduction of soybeans in Tanzania has increased progressively in the last ten years. From producing 3,100 metric tonnes in 2009 to 22,953 metric tonnes in 2019.<\/p>\n

However, productivity is still very low as compared to other countries globally. With our Integrated Value-Chain Financing model, we are certain of increased production of soybean in Iringa.<\/p>\n

We want this partnership to upscale more production to increase exports.\u201d Commending the partnership, Angelique Kitime, a farmer leader in Mgama village from Kilolo District, said that the partnership has come as a salvation to farmers. \u201cHaving access to certified quality seeds that are reliable and at an affordable price will enable us farmers to lower our costs and make more income,\u201d said Kitime.<\/p>\n

\u201cAt the end of the threeyear project, TADB and CDI expect members of the AMCOs to have increased their soybean production capacity; realise a stronger farmer-community managed soybean supply chain; and improve their capacity to carry out early-grain purchasing from their members, as well as strengthen their skills and development as they engage in regional soybean markets,\u201d emphasised CDI Country Director, Kajimbwa.<\/p>\n

\u201cOur intervention in the soybean value-chain is a continuation of TADB\u2019s substantial work in Iringa\u2019s agri-sector. As of this July, TADB had already disbursed a total of 5.68bn\/-, 2.74bn\/- directly, and 2.94bn\/- in the region through our Small-Holder Credit Guarantee Scheme (SCGS) in partnership with commercial banks to support value-chains such as tea, paddy, poultry, maize, cereals, avocado, pyrethrum, horticulture, dairy and agri-inputs,\u201d concluded Justine.<\/p>\n

In season 2019-2021, CDI successfully operationalized the input loan with 56 VICOBA members, an output loan arrangement with three AMCOS in Iringa, and mobilized 106 farmer leaders to become certified and produce quality declared seeds (QDS) for other farmers in their communities.<\/p>\n

CDI is actively working with nearly 80,000 smallholder farmers across Tanzania, Malawi and Rwanda, and is made possible through support by the Nationale Postcode Loterij.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Tanzania. THE Tanzania Agricultural Development Bank (TADB), has entered into a strategic partnership with the Clinton Development Initiative (CDI), an initiative of the Clinton Foundation that will allow the agri-bank to disburse up-to 500,000 US dollars (about 1.15bn\/-) to unlock the soybean value-chain in Iringa Region. According to a Memorandum of Understanding (MoU) […]<\/p>\n","protected":false},"author":84,"featured_media":33290,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[6990,6991,711],"class_list":["post-33291","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press-2","tag-africa-press-tanzania","tag-tanzania"],"yoast_head":"\nTADB, Clinton Foundation to unlock soybeans value-chain - Tanzania<\/title>\n<meta name=\"description\" content=\"THE Tanzania Agricultural Development Bank (TADB), has entered into a strategic partnership with the Clinton Development ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/tadb-clinton-foundation-to-unlock-soybeans-value-chain\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TADB, Clinton Foundation to unlock soybeans value-chain\" \/>\n<meta property=\"og:description\" content=\"THE Tanzania Agricultural Development Bank (TADB), has entered into a strategic partnership with the Clinton Development ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/tadb-clinton-foundation-to-unlock-soybeans-value-chain\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-22T16:29:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2021\/07\/img-60f980c55092d.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/tadb-clinton-foundation-to-unlock-soybeans-value-chain#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/tadb-clinton-foundation-to-unlock-soybeans-value-chain\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"TADB, Clinton Foundation to unlock soybeans value-chain\",\"datePublished\":\"2021-07-22T16:29:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/tadb-clinton-foundation-to-unlock-soybeans-value-chain\"},\"wordCount\":752,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/tadb-clinton-foundation-to-unlock-soybeans-value-chain#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2021\/07\/img-60f980c55092d.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Tanzania\",\"tanzania\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/all-news\/tadb-clinton-foundation-to-unlock-soybeans-value-chain#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/tadb-clinton-foundation-to-unlock-soybeans-value-chain\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/tadb-clinton-foundation-to-unlock-soybeans-value-chain\",\"name\":\"TADB, Clinton Foundation to unlock soybeans value-chain - 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