WFP CRDB Tanzania

IFC intends to partner with CRDB Bank plc in Tanzania to finance farmer cooperatives who supply food commodities to World Food Programme (WFP) or its Patient Procurement Platform (PPP) off-takers. Financing to farmers will be used for seasonal working capital needs such as input costs (seeds, fertilizers, etc), land preparation, weeding, harvesting, etc. Approximately 40,000 smallholder farmers are expected to benefit from this initiative through higher productivity levels, better crop quality, and lower post-harvest losses, and therefore higher and more stable revenue stream. The proposed financing package will be supported by the Private Sector Window of the Global Agriculture and Food Security Program (GAFSP).