Unique program helps African farmers improve lives

A new type of microfinance oriented specifically for small farmers in Kenya, Rwanda and Burundi is being proposed by the One Acre Fund, which aims to let farmers choose from services including training, credit, and insurance. On average the services, which are not free, help farmers quickly triple their harvests and double their profits.

Traditional microfinance has never been particularly well suited to agriculture. With variable incomes that typically rise after harvests and taper off during the off-season, farmers are unable to keep up with the inflexible payment schedules that come with most microloans.

In response, the One Acre Fund is proposing a new type of microfinance designed specifically for Africa’s small farmers. More on: The Christian Science Monitor

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