FOREX MARKET :
19th March 2019
We are Tanzania's Farmers Bank
A state-owned development finance institution (DFI) established as an apex national-level bank for agricultural development in Tanzania.
In efforts to bring about economic growth and poverty reduction in Tanzania, the Government has taken various steps to accelerate transformation of the agricultural sector, which employs over 75 per cent of the country’s workforce and accounts for over 65 per cent of raw materials for local industries.
The establishment of the TADB in order to be an apex national-level bank with the key role of being a catalyst for delivery of credit facilities for development of agriculture in Tanzania as well as to achieve food self-sufficiency and security, economic development and poverty reduction.
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Committed to strengthen
agriculture financing value chains
Our overall objective is to be a national level bank for the agricultural sector that facilitates transformation of agriculture from subsistence to commercial in order to effectively and sustainably contribute to economic growth and poverty reduction.
Check out the list of our most frequently asked questions that address some of the issues regarding how we work.
Currently, Tanzania's Agricultural Development Bank offers loans to groups already having land and engaging in agricultural activities. Thus, we advise people who are interested in economic development through agricultural activities work hard to find and own suitable areas for the relevant activities.
Unlike other commercial banks, TADB is an apex policy financial development institution which has the responsibility to implement Government policies in facilitating availability of concessional loans to the agriculture sector development.
The Bank facilitate the transformation of agricultural sector in collaboration with the government to create good policy and enabling environment that will encourage banks and other financial institutions to invest in agriculture.
Tanzania Agricultural Development Bank Tanzania is a Financial Development Institution (DFI) which is not mandated to undergo retail operation like deposit, withdraw and other like transaction. TADB customers receive service in their own commercial banks in which TADB cooperate with.
The Tanzania Agricultural Development Bank issues loan based on the actual requirements of the project based on the Application and Business Plan submitted by the respective client. Thus, the amount of the loan will depend on the detailed analysis of the loan applications and the ability to repay, hence no specified minimum loan maintained to farmers application.