Since the Cotton WRS pilot begun in Tanzania in 2001/2002, the major depositor has been one farmer cooperative, the Oridoyi Rural Cooperative Society, which recorded the following deliveries of seed cotton:
Season | Seed Cotton Deposited under WRS (kg) |
---|---|
2002/03 | 103,273 |
2003/04 | 229,470 |
2004/05 | 826,000 |
2005/06 | 1,200,000 |
Despite ginning with dilapidated gin stands, which caused many delays, the group remained committed to the WRS. Following consultations by the Project Team, the Ministry of Cooperative and Marketing (MCM) provided funds for procuring four new ginning stands which were installed in October 2005. As a result ginning efficiency has improved dramatically, reducing ginning time to 3 months from 12 months.
The group is expected to make substantial savings in terms of loan servicing cost. The quality of the lint has also improved. The group was able to market their lint directly to a UK-based merchant, with transaction assistance from a locally-based broker. The group receives inventory finance from CRDB.