WASHINGTON DC —
In this last edition of a three-part series of the United States Agency for International Development’s $32 million Zimbabwe Agricultural Income and Employment Development program (ZIM-AIED), we are focusing on success stories and challenges of the five-year program, which was launched in 2010.
The ZIM-AIED program, being implemented by U.S contractor Fintrac, runs a $10 million agritrade revolving fund being disbursed by the Central African Building Society, Micro King Finance and Trust Bank. Under this credit facility, farmers and agrobusinesses access credit to boost their production.
Georgina Mhlanga of Mazankila Village in Llupane District, Matabeleland North Province, and Rosina Beselemu of Goromonzi in Mashonaland East, may be miles apart and yet they share the same business experiences and challenges.
The two have managed to access loans disbursed under the agritrade credit facility since 2011 which they have used to start and boost their businesses.
Mhlanga said she started her agrobusiness 20 years ago and has been struggling over the years to access credit for its expansion.
However, she said, her buriness is showing remarkable progress in transforming her business after accessing the agritrade credit facility.