The training was conducted for two and a half days at Kingway Hotel located alongside Dar es Salaam – Mbeya Highway within Morogoro Municipality. The training was attended by Thirty two (32) trainees from twenty four (24) MFIs as well as seven (7) facilitators. The main facilitator was from Sokoine University of Agriculture (SUA) while co-facilitators came from PASS TRUST, Dar es Salaam Head Office and Morogoro Zonal Office respectively, Tanzania Farmers Graduate Association. Generally, the training programme was facilitated both logistically and materially by three (3) TAMFI staff: Ms. Winnie Terry (Executive Secretary), Mr. Joshua John (Accountant) and Ms. Mercy Rehani (Administrative Assistant).The training took place between 4th and 6th July 2016 at Kingway Hotel, Morogoro.
The overall objectives of this training were to impart knowledge and skills on agricultural value chain financing in order to help MFIs design products suitable for specific agribusiness value chain actors of their choice.
The specific objectives of this training were as follows:
- Explore and understand various opportunities and challenges in agricultural value chain financing;
- Understand the Agribusiness financing process and its application in managing commodity market dynamics;
- Learn how to utilize the various agricultural financing models and online trading platforms such as cashless disbursement and repayments; and
- Understand the role of agriculture risk management systems in facilitating successful microfinance operations in rural areas.
Overall, the trainers used active participatory approaches, which engaged the participants to share their expectations, knowledge and experience within the thematic areas. Key methods used include but not limited to short lecturer, reference to reading materials, demonstration, discussions, sharing of practical experiences and explaining to others. At the end of the training, trainees were expected to have a thoroughly understanding of the agricultural value chain financing theory in general and practical implications in microfinance sub-sector in particular. Also trainees were expected to acquire a better understanding on how to utilize the online trading platform in agribusiness financing. Last but not least, participants were expected to understand the theory and practice of agricultural value chain models from the perspective of agribusiness. However, when asked of their personal expectations, participants listed the following expectations from this particular training:
- Knowledge on agricultural value chain financing, especially the connection between agriculture and finance.
- Risk mitigation or management strategies.
- Factors to consider when designing and issuing agriculture related financial products.
- Networking among participants from different MFIs attended.
- Sharing of knowledge and experience from more experienced participants.
- Opportunities along the agricultural value chain.
- Strategies to better finance agriculture from MFI context.
- Understanding of different agricultural value chain models
- Better knowledge about new terminologies such as agribusiness & value chain
- To have a new inspiration to become a commercial farmer in future.