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Zimbabwe : SHALOM AGRO CHEMICALS introduces Loan Service for Small Scale Farmers worth U.S.$24 000.

A local agro chemical firm, Shalom Agro Chemicals, has launched a $24 000 loan unit to profit ranchers in Nyanga.

The inputs policy was introduced to ranchers under a deal farming arrangement for Nyanga small- scale agriculturist.

Ranchers in the region hailed Shalom Agro Chemicals saying the finance might help them to purchase inputs.

"The worst enemy of the farmer is inputs costs and these include seed and fertilizers which are the core of farming. Now it is rare to find someone who can offer loans to farmers without collateral . . . but with this one its just mutual understanding."

"Banks have failed to give loans to farmers, but Shalom Agro Chemicals has offered to assist us to implement the economic blue- print Zim-Asset and as farmers, we are very grateful."

Retired Major Shepherd Gurure, one of the farmers who benefited from the loan said, "The soil is very fertile and we receive good rains, but we were failing to be productive because of lack of resources."

Shalom Agro Chemicals spokesman Mr Thomas Machote said their goal was to help ranchers with inputs so that they executed Zim-Asset.

He said, "Our thrust is to bridge the financing gap that our marginalised farmers face since they cannot access funding from banks and to build capacity so that food security and nutrition issues in the district and beyond are addressed in line with Zim-Asset."

He said the firm will likewise help agriculturist with the recognition of markets for their growth.

"The model we used does not only cover inputs, but includes market linkages throughout Zimbabwe and assistance with the ferying of produce anywhere within Zimbabwe."

He said, "This was after realising that most contracted farmers may have a very good crop, but lack access to markets and even if they had the access, they lack resources to transport their produce to reach out to those markets."

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Publication:Mena Report
Date:Oct 23, 2015
Words:325
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