SOME 40 farmers’ cooperative unions in Lindi and Mtwara have entered into agreement to start receiving their cashew nut payments through TigoPesa payment system.
The new system, ‘Tigo Korosho’, launched
in Mtwara has already seen over 90m/- distributed to cashew nut growers
couple of days after the signing of the agreement last Thursday. The
innovative system enables farmers to access financial services through
mobile phone instead of following banking facility.
To kick-start groundbreaking the
initiative, Tigo has entered into a contract with 40 cashew nut
Agricultural Marketing Cooperative Unions (AMCOs), enabling their
payments for the 2017/2018 season transacted directly via Tigo Korosho
initiative.
Tigo’s Zonal Director for Coast Zone,
George Lugata said that the service offers farmers the reliability of
receiving payments, security, eliminating the hassles of travelling and
risks associated with carrying hard cash.
‘We are happy to be partnering with the
cashew nut farmers’ cooperative unions through the Tigo Korosho which
will provide a practical solution to their payments and daily financial
transactions,” Mr Lugata said.
With over 80,000 merchants available in
every corner the country, transacting upwards of 1.48bn/- every month,
TigoPesa undoubtedly speaks to financial inclusion which also is a boon
to national economy. ‘So far, payments worth 90m/- have already been
disbursed to 10 AMCOS, giving the farmers added convenience, security”
Mr Lugata said.
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