To produce agricultural financial education at a minimum cost for both rich and poor. Explore possibilities of technology. Where appropriate, donors with experience in technical innovations which could help reduce the prices of operating in rural areas and improve services provided to rural clients by introducing new technology. A careful analytic thinking of any technology and assessment of institutions’ information systems should be conducted before commitment (Richard W. 2008).
To produce loans. Fund innovations in delivery mechanisms and products, donors should offer flexible grant funding to financial institutions seeking to adapt or introduce new financial products, or to scale back delivery transaction costs. Innovative solutions are especially needed to higher fit the income and investment cycle of agricultural activities. as an example, important non-credit financial services include domestic and international money transfers to assist smooth seasonal income flows, and deposit services to access in times of low income or high expenditure.
To increase the availability of local raw materials like timber, cotton, and groundnut. Determine the acceptable role for subsidies. rather than subsidizing interest rates to the tip clients, the govt should use grants to create institutional capacity and promote innovation. the govt. should also resist political pressure to incorporate targeted or subsidized credit in agricultural projects. Mobile banking units visit rural locations once or twice weekly, bringing to clients in difficult rural areas a variety of economic services, with a special emphasis on savings.
Help improve the enabling environment by building on existing institutional infrastructure instead of creating new and dear delivery mechanisms which will never be viable. the Postal system, or maybe retail stores.
Generally, the role of state within the facilitation of agricultural financing lending is more importance so as to supply good service to the society
5G Networks coming soon in Tanzania 2025
