By Bruce Chahwanda
THE National Building Society has partnered with Cotton Farmers and Marketers Association to promote financial inclusion among farmers.
In a bid to curb financial challenges that perennially haunted cotton famers across the country, National Building Society has partnered Cotton Farmers and Marketers Association as a way of promoting farmers to use formal banking channels to enhance smooth payment.
NBS Head Marketing, Ms Mildret Kujinga said in the spirit of financial inclusion, they saw it fit to partner with cotton farmers.
“We are deliberate about building empowered communities and the NBS-Cottco partnership is another practical example of delivering on our Building Communities mandate. We have an array of digital financial products tailored to the needs of the farmers and we continue to harnesss a positive financial impact through partnerships with corporates and our doors remain open to welcome even more small scale farmers in ensuring access to the much needed financial services as we drive the digital banking agenda,” she said.
Cotton Farmers and Marketers Association Chairperson, Mr Stewart Mubonderi said the partnership is key in solving perennial challenges that faced farmers.
“This is the way to go to ensure that farmers are not short-changed, a situation which gave us headaches in the previous seasons,” he said.
COTTCO received ZWL$66 million from government to pay farmers and ZWL$500 million is expected next week.
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