Match Maker signs matching grant agreement with the Tanzania Private Sector Foundation to develop inclusive finance fund
The Tanzania Private Sector Foundation (TPSF) through its World Bank financed Tanzania Business Development Scheme has agreed to support the establishment of an inclusive finance fund. Match Maker has been working since 2009 to develop the fund, which will provide access to finance to medium-sized agricultural processing companies that work closely with smallholder farmers. Access to finance is a major constraint to small and medium agricultural enterprises in Tanzania, as many lenders charge high interest rates and require large collateral because of the perceived risks. To date, Match Maker has financed the development of the fund itself but with TPSF support we will be able to upscale our fundraising, marketing and promotional activities in the coming months.