IZB cap­tures 12 000 Ny­imba farm­ers for e-voucher

Daily Nation Newspaper - - BUSINESS WORLD -

By MAILESI BANDA ABOUT 12, 000 farm­ers in Ny­imba are ex­pected to ben­e­fit from the Indo Zam­bia Bank (IZB) VISA en­abled Debit Cards aimed at fa­cil­i­tat­ing their ac­qui­si­tion of in­puts from agro deal­ers for this farm­ing sea­son.

Man­ag­ing di­rec­tor Ma­heshku­mar Bansal ex­plained that the bank chose Ny­imba for the launch of the Point of Sale Ter­mi­nals be­cause it was one of the districts al­lot­ted to the bank by the Min­istry of Agri­cul­ture fol­low­ing its suc­cess­ful bid to par­ti­pate in the 2017 e-voucher pay­ments to ben­e­fi­cia­ries un­der FISP.

Mr. Bansal said the bank tar­gets over 27 agro deal­ers from se­lected parts of the district to pro­vide agro in­puts to the ben­e­fi­ciary farm­ers.

He said this would be an ad­van­tage be­cause all the agro deal­ers had ac­counts with the bank in Ny­imba

Speak­ing dur­ing the launch of the Point of Sale Ter­mi­nals in Ny­imba yes­ter­day, Mr Bansal said the point of sale ter­mi­nals would en­able the agro deal­ers to be ef­fi­cient and ef­fec­tive for them to have the POS ter­mi­nals de­ployed in their out­lets and satel­lite de­pots spread across the districts for smooth ad­min­is­tra­tion of the FISP pro­gramme.

“As IZB, we recog­nise the im­por­tance of en­sur­ing a suc­cess­ful FISP as last year’s na­tional bumper har­vest driven by the peas­ant ru­ral farm­ers is no­tably cred­ited for con­tribut­ing to the pos­i­tive per­for­mance and re­sound­ing of the econ­omy in 2017.

Mr. Bansal also said the launch of the POS ter­mi­nals at all agro deal­ers out­lets in Ny­imba was and the is­suance of IZB Visa swip­ing cards to ben­e­fi­ciary farm­ers, a clear demon­stra­tion of their com­mit­ment to en­sur­ing that an im­por­tant na­tional pro­gramme such as FISP was suc­cess­ful.

Ny­imba District Com­mis­sioner Colonel Peter Kaisa said the launch of the IZB point of sale ter­mi­nals showed the bank’s com­mit­ment to sup­port Gov­ern­ment pro­grammes such as FISP.

Col. Kaisa com­mended the bank for com­ple­ment­ing Gov­ern­ment’s eco­nomic agenda through sup­port to key eco­nomic sec­tors in­clud­ing agri­cul­ture.

Mean­while Tilo Agro deal­ers pro­pri­etor, Tilo Tembo said the point of sale ter­mi­nals will en­able her reach more cus­tomers as she will be able to fol­low farm­ers on the out­skirts of Ny­imba.

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