Sh 3.5bn loan set aside to grow poultry farming

The poultry sector in Tanzania is set for significant growth following the allocation of a Sh 3.5 billion loan to boost production and support small- and medium-scale farmers. This initiative aims to enhance food security, create employment opportunities, and improve the livelihoods of farmers engaged in poultry farming.

Loan Purpose and Allocation

The loan will be distributed to qualified farmers, cooperatives, and agribusiness entrepreneurs looking to expand or modernize their poultry operations. The funds will be directed toward:

• Improving infrastructure – Farmers can use the funds to build modern poultry houses, purchase equipment, and install automated feeding and watering systems.
• Enhancing productivity – Access to high-quality feeds, improved breeds, and veterinary services will ensure better yields and healthier birds.
• Market expansion – The loan aims to strengthen supply chains by improving storage facilities, transportation, and marketing strategies.
• Training and capacity building – Beneficiaries will receive training in farm management, disease control, and sustainable farming techniques.

Government and Financial Institutions’ Role

The initiative is a collaboration between financial institutions and the government, aiming to empower local farmers and reduce dependency on poultry imports. By providing affordable credit, the government seeks to support rural economies and encourage self-sufficiency in poultry production.

Impact on the Poultry Industry

With improved financing, farmers will have better access to resources that enhance poultry production, ensuring a steady supply of eggs and meat to meet domestic demand. The project is also expected to create thousands of jobs in related sectors, including feed production, veterinary services, and poultry product distribution.

How Farmers Can Apply

Eligible farmers and agribusinesses can apply for the loan through designated financial institutions, where they will be assessed based on business viability, farm size, and production capacity. The application process will include business proposals outlining how the funds will be utilized to maximize production.

Conclusion

The Sh 3.5 billion poultry farming loan presents a game-changing opportunity for farmers in Tanzania. By investing in modern techniques and expanding operations, the sector will experience increased productivity, improved food security, and enhanced economic development. Farmers are encouraged to take advantage of this initiative to scale their businesses and contribute to the country’s agricultural growth.