In March 2008 to February 2011, FSDT worked in partnership with the National Microfinance Bank (NMB) and the Alliance for Green Revolution (AGRA) to facilitate access of credit to the agriculture input agro-dealers (“the Agro-dealers Guarantee Scheme Project”). The total Guarantee Fund was to the tune of USD 2,100,000 for NMB to lend up to TZS 9.5 billion to various agro dealers for the three years of the project. FSDT contributed USD 1,100,000 and AGRA USD 1,000,000. The main objective of the project was to ensure timely cash flow to the agro-dealers to enable them to stock sufficient supplies of inputs to serve the needs of smallholder farmers in Tanzania. The partnership agreement was for NMB to finance the agro dealers and the Guarantors to share 50% risk of all unrecoverable loans resulting from defaulting agro dealers.
