CUSTOM AGRICULTURE CHALLENGE; Tanzania
PROVEN INTERVENTION TO BE DISTRIBUTED
Improved seeds, and fertilizer, training on agronomic practices, finance for farm inputs, and market facilitation
Learn more about the Custom Agriculture Challenge and why distributing proven agricultural interventions can greatly improve the livelihoods of smallholder farmers.
DISTRIBUTION MODEL INNOVATION
Kilimo-Premier Financial Services Limited aims to be among the leading financial services providers within the country that improve smallholder farmers’ livelihoods through the provision of agro-credit services.
Their model is called the Modified Grameen Model, where solidarity groups guarantee loans and repayment settled on increments at any time within six months. Smallholder farmers join solidarity groups of 5 members called Enterprise Group (EG) and 10 EG form large groups of 50 members called Market Enterprise Committee (MEC). Members in groups will guarantee each other by using their farm fields, so group credit monitoring is the member’s responsibility.
The model reduces the difficulties in loan administration and developing guarantees, the loan services are provided in bundle bases including distribution of improved seeds, and fertilizer, training on agronomic practices, finance for farm inputs, and market facilitation to maximize profits. The MEC members make the final decision on approving loans because they are loan guarantors. The loan repayment will be done on a weekly basis during MEC meetings.
Kilimo Premier Financial Services Limited was founded in 2023 by Kataga Daniel Ngulinzira and Grace Manyama Shadrack. The team members have experience in different professions, Kataga has been an expert in agribusiness sectors for more than 10 years, and Grace is in financial management and baking. Grace serves as the company's full-time Financial and Administrative Director, and Mr. Kataga serves as Managing Director. The company expects to recruit one full-time Loan and Training Officer after its commencing for field work.
PILOT AND SCALING GOALS
150 smallholder farmers directly reached within three months.
3Market Enterprises Committees (MEC) and 30 Enterprises Groups (EG) mobilized and facilitated by agronomic practices and agro-loans.
Fundraise an additional fund of $ 10,000 from donors/investors within three months.
FOUNDING TEAM
Kataga Daniel Ngulinzira - Managing Director
Grace Manyama Shadrack - Financial and Administrative Director