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Value chain Finance/Tanzania - Farmers benefit from financial training through M-Pawa

19 May 2015

About 20,000 grain farmers in Tanzania have benefited from financial training as part of the Connected Farmer Alliance, a USAID funded partnership between Vodacom and TechnoServe. Smallholder farmers usually face a number of setbacks such as lack of market awareness and the underselling of crops. The financial training offered will not only expand their business, but also make them knowledgeable of the environment they operate in. A total of 6,000 of the trained farmers have opened account with Vodacom's mobile savings service, M-PAWA. The project is aimed at reaching 140,000 farmers in one year. M-Pawa is a mobile money transaction service that was launched in May 2014 and has around one million customers in the country. The mobile savings and loan service was launched in partnership with the Commercial Bank of Africa (CBA) to allow users to open a bank account from any location in Tanzania. With M-Pawa, customers can instantly open a bank account without any paperwork. Farmers can save and borrow money using their mobile phones. Through M-Pawa, farmers will be able to save as little as Tsh1/- at a time and earn interest immediately from the comfort of their homes.


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