Supporting Organization
Asian Farmer's Association for sustainable rural development (AFA)
| Name of Organization | Central Tea Cooperative Federation Limited (CTCF) Nepal |
|---|---|
| Address | Ilam Municipality 9, Sera Ilam |
| Working Region / District: | Ilam, Panchthar, Dhankuta, Taplejung and Jhapa |
| Year | 2023 |
| Project Period | NA |
| Budget | NPR 5,000,000.00 |
Objective:
- Rebuilding the economic condition of small holders tea vulnerable family farmers providing by short term loan in 3% interest rate.
- To generate the running capital to run their house and secured food in this pandemic.
Proposed Activities
CTCF will get the loan $50000.00 fifty thousand dollars loan according to the term from the ARISE-Farmers builds on the coverage of the ongoing IFAD regional project named Asian Pacific Farmer Programme (APFP) manage and implemented by the Asian Farmers’ Association for Sustainable Development (AFA) as the Regional Implementing Agency (RIA) through National Peasant Coalition as National Implementation Agency (NIA). Nepal Agriculture Cooperative Central Federation Limited (NACCFL) is the implementing partner.
CTCF will selected following 6 members cooperatives and provided them loan according to the terms of project and cooperatives will provided to loan their members of small holders family farmers in each members maximum 150 dollars. CTCF will asked to details names list of farmers who are getting loan and transfer the amount of the cooperatives . Cooperatives will provide to all of the members with in a week and after 6 months cooperatives collected all loan and interests with maximum 3% from farmers and repay back to CTCF in calculating 2 % interest rate. Primary cooperative can get 1 % interest rate for management cost . CTCF will collected all of the loan amount and repay back to NIA/ NACCFL with calculating 1 % interest rate.