NMB was to extend credit facilities to agro-dealers based on the bank’s lending policies and procedures for overdraft facilities. Eligible agro dealers were required to pledge collateral covering the overdraft facility to at least 62.5% of forced sale value.
The next digital finance frontier: Filling the accounts
It is commonly accepted that poor people find value in remote digital payments propositions. A large number of Tanzanians have flocked to emerging mobile payment solutions, whether it is to send money home, facilitate informal business transactions, pay for bills, or buy pre-paid electricity.
