Empowering Farmers via Microloans

by Water, Agroforestry, Nutrition and Development Foundation
Empowering Farmers via Microloans

Summary

We will provide micro-loans coupled with training and technical support in order to transform and empower resource-poor farmers and their families. Our goal is to provide poor farmers access to small loans and financial resources, enabling them to start and grow their own businesses. By fostering economic independence and entrepreneurship, we aim to uplift farmers from marginalized communities, fostering sustainable development and positive social change.

$12,000
total goal
$12,000
remaining
0
donors
0
monthly donors
16
hours

Challenge

This project aims to address the lack of access to financial resources and opportunities for poor farmers, particularly those from remote and marginalized communities. Farmers face significant barriers when trying to start or expand their businesses due to non-access to the banking systems, lack of collateral and voluminous paper works.

Solution

This project addresses the problem of financial exclusion and limited opportunities for farmers to sustain and expand their businesses mainly by the lack of access to pump-priming capital. In our pilot implementation we have seen how a small amount of capital can trigger vast improvement to farmers and their families. Local banks are not accessible and local lenders have high interest rates that discourages growth.

Long-Term Impact

The long-term impact of this project could be profound and far-reaching, touching various aspects of the lives of farmers and their communities. This will enable them and their communities to grow, be sustainable and have good future compared to what is happening at present.

Resources

Organization Information

Water, Agroforestry, Nutrition and Development Foundation

Location: Cagayan de Oro, Misamis Oriental - Philippines
Website:
Project Leader:
Cora Sayre
Cagayan de Oro , Misamis Oriental Philippines

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