Finance Sector Deepening Trust (FSDT) is aiming at developing the existing financial market system to enhance its capability to benefit the underserved rural area individuals and enterprises too. FSDT initiates several activities and strategies to provide more opportunities to the rural sector by strengthening their avenues for an improved life.

FSDT’s goals include addressing the specific financial challenges of rural sector and supporting new innovations and deep market interventions through solid partnerships with government, NGO, and private sector stakeholders.

The unrelenting efforts of FSDT in terms of strengthening the rural sector have already started reaping the welcoming results. Rural population of Africa now has better accessibility to more financial products, which are custom designed for their needs.

FSDT objectives
FSDT aims to effectively facilitate better and wider financial services at the regions where majority of the rural Tanzanian populations are located and employed. At the first point, FSDT’s efforts are directed towards properly identifying the barriers to rural agriculture finance transactions and to work in close association with its partners to implement successful interventions to unlock easy access, trust, usage, and quality of the financial services to ensure public welfare.

Agricultural finance
As majority of the rural population of Tanzania depends largely on agriculture and farming to make a living, FSDT initiates financial transactions for agriculture sector to ensure improved productivity and reduced loss. There are various theme interventions, which are designated to deepen financial contribution for agricultural sectordevelopment and farmer welfare.

Applying for FSDT agricultural finance
The applicants and organisations need to go through the details as mentioned in the FSDT website in order to get a complete overview of the application procedures. Applicants can get the directives as well as a detailed project description and annexes at the portal. While preparing to apply, ensure that you submit a complete application by including the following essentials as;

• The standard form as published in the website
• A detailed work plan
• Budget
• Resumes of the people involved.

You have to also include the organisational documentation and also need to submit as much other relevant information as possible along with the application. The standard form consists of the fields as;
• Applicant / organisation name
• Name & title of the contact person
• E-mail ID
• Physical address
• Address of correspondence
• Telephone number with area code
• Type of the organisation

Also, there are a couple of questions to be answered as;

• What is your core business?
• Purpose mission and objectives of your organisation?

You can attach other relevant brochures and product information also as needed while submitting the applications.

What FSDT aims at by offering rural agricultural finance is to ease up the transactions between the rural farmers and enterprises and thereby ensuring better access to financial services for all.

FSDT has already partnered with Bank of Tanzania, Ministry of Agriculture, Capital Markets and Securities Authority Ministry of Finance, Tanzania Insurance Regulatory Authority, and Registrar of Co-operatives to enable a supportive and flexible financial environment to meet the needs of individuals as well as enterprises.

Author's Bio: 

FSDT has already partnered with Bank of Tanzania, Ministry of Agriculture, Capital Markets and Securities Authority Ministry of Finance, Tanzania Insurance Regulatory Authority, and Registrar of Co-operatives to enable a supportive and flexible financial environment to meet the needs of individuals as well as enterprises