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Leading the Way in Agricultural Microfinance
Seventy percent of the 1.4 billion people living in extreme poverty (surviving on less than $1.25 per day) live in rural areas. Two years ago, Opportunity International launched the Banking on Africa campaign, a cutting-edge strategy to address rural poverty by expanding access to financial services in rural areas and to develop an agricultural finance Read more…
Tagged Africa, Agricultural finance, Agriculture, Bank Building, Banking on Africa, Community, Crop insurance, Ending Poverty, Farmers, Financial services, Food security, IFAD, IFAD rural poverty report, Loans, market linkages, Markets, MFI, Microfinance, Opportunity International, Poverty, Rural Outreach, Savings, Smallholder farmer, Training, Weather-index crop insurance
In the News: Mobile Phone Banking and Opportunity Malawi
“For a farmer, the mobile phone has opened up a world of opportunity.” –Prof. Jenny Aker, assistant professor of economics at the Fletcher School of Tufts University The Financial Times has just published a story online and in print in their World Food supplement about the effects of mobile phone technology on smallholder farmers in Read more…
Tagged Africa, Agricultural finance, Agriculture, Aleksandr Kalanda, Aleksandr-Alain Kalanda, Clients, Ending Poverty, Farmers, Financial services, Financial Times, Kenya, Loan Officer, Loans, Malawi, Markets, MFI, Microfinance, Mobile Banking, OIBM, Opportunity Bank in Malawi, Opportunity International, Opportunity Malawi, Poverty, Smallholder farmer, Technology
Saving Their Way Out of Poverty
In the Kejetia Market in Kumasi, Ghana, there are 10,000 vendors and market stalls covering an area of 36 acres. Dozens of Susu collectors roam the narrow walkways wearing brightly colored coats with many pockets, each with a wad of money inside. Susu collectors provide a way for people to save and access their own Read more…
Tagged Clients, Entrepreneurs, Ghana, Markets, Mobile Banking, Opportunity Ghana, Savings, Susu collectors
