Posts tagged ‘agriculture loans’
Spring may have arrived in Mongolia, but for two Kiva staff who visited me in April, winter gave one last hurrah and dumped the largest snowfall I’ve seen since being here (a whopping 2 inches!).
Spring has arrived in Mongolia! That means warmer weather (afternoons creeping closer and closer to the double digits)… and, of course, baby animals!
Julie Kriegshaber | KF 18 | Uganda
On my seemingly endless journey from NYC to Kampala, Uganda, I barely slept at all.
Free movies on the plane, my recently updated Spotify playlists, even SkyMall – none of it appealed to me. Why? I was so engrossed in my book, Freedom From Want, that tells the story of BRAC and how it evolved from a small, temporary solution to a devastating cyclone that hit Bangladesh in 1970 to today being the largest development organization in the world by many counts.
We all are familiar with Bangladesh’s other major development export, the Grameen Bank, but what shocked me is how relatively unknown BRAC is outside of development circles in the west.
This year marks BRAC’s 40th anniversary -after growing for 30 years in Bangladesh, BRAC in the past 10 years has expanded to 10 other countries, including Uganda, where it is (no surprise here!) the largest NGO in the country. With operations reaching 2.8 million Ugandans, BRAC Uganda is a true all-in-one development organization with specialized programs from education to health to empowering young women to improving small businesses through microloans.
From what I have seen as a Fellow at BRAC Uganda, I think there are 3 distinct features in many of their programs that make BRAC as an organization so successful. In light of Kiva’s monthly theme “A Global Feast”, I am going to highlight these features in regard to BRAC Uganda’s agricultural development programme. (This is also convenient for me since I am preparing to roll out BRAC Uganda’s agricultural loans on Kiva!)
Philip Issa | KF17 | Palestine
(Update: Photo links fixed)
Now that Spring time is in full bloom here in Palestine, the truths about a pair misconceptions I held before arriving have become unavoidable. First, that the ecology here is actually quite conducive to agriculture, and second, that most of the West Bank is in fact not under the jurisdiction of Palestinians.
I had originally intended to write only about my surprise about how green the land can be in Spring, but I believe that such a post would be dishonest. It would be misleading on a microfinance blog to show images of agricultural land and let readers think that they could lend to farmers to help them improve their lot. Such loans are common and fruitful in other Kiva countries, but, as I will explain below, they are much less likely to be effective here.
By Marcus Berkowitz, KF16, Ecuador
Farmers are tough cookies. As it turns out, they’re even tougher to finance effectively. Those who work in agriculture are faced with a unique set of conditions that make most traditional microfinance methods unfeasible for them. This post examines some of the reasons why farmers stand apart from other borrowers, and explores the clever efforts of an Ecuadorian Kiva partner to craft a loan product that is appropriate to their needs.
Agriculture loans are considerably different products than most micro loans. Agriculture loans include unique risks and potentially higher costs of servicing. In this article, Adam Cohn explains those differences, and how Kiva and Kiva lenders like you can help out poor farmers in Rwanda.