Expand services to rural areas, minister tells UTT Microfinance
What you need to know:
- The task ahead is to ensure that UTT Microfinance offers soft loans to farmers and to enable them to increase production.” She was speaking during the inauguration of the institution’s board of directors here yesterday.
Dar es Salaam. Finance and Planning deputy minister Ashatu Kijaji has asked the state-owned UTT Microfinance to expand services to rural areas and help farmers to improve production.
The task ahead is to ensure that UTT Microfinance offers soft loans to farmers and to enable them to increase production.” She was speaking during the inauguration of the institution’s board of directors here yesterday.
According to Dr Kijaji, the industrialisation drive will require more output from agriculture to achieve its target. UTT Microfinance has loaned Sh29.13 billion to 23,513 businesses since it was established three years ago.
