DODOMA, Aug. 5 -- COOPERATIVE Bank Tanzania (CBT) is rapidly emerging as a driving force behind the modernisation of agricultural financing in the country.

Through innovative and inclusive banking solutions like Ghala Pesa, the bank is transforming how farmers manage their produce, access credit and engage with markets. Ghala Pesa, a newly announced financing product, is set to revolutionise rural lending by enabling farmers to use stored crops as collateral for loans.

Traditionally, many farmers have been forced to sell their harvests immediately after harvest—often at low prices—due to urgent cash needs.

With Ghala Pesa, they can now store their crops in regulated warehouses and receive warehouse receipts, which they can ...