IZB captures 12 000 Nyimba farmers for e-voucher
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.