Opportunity International has recently received a $2.5 million grant from the John Deere Foundation. This donation supports the Bank on Africa campaign, which aims to bring financial services to farmers and other entrepreneurs in many African countries, including Rwanda.
“Opportunity International is creating a financial services model that is designed to increase the farmer’s chance for success while mitigating his or her personal risk, and is one that goes far beyond just providing agricultural credit,” said John Magnay, Opportunity International’s senior agricultural advisor.He adds that “In addition to providing access to savings accounts and loans, we are working with extension services and output markets, with objectives to improve crop productivity, increase incomes and directly impact the food supply within local communities for enhanced food security.” (Excerpt from http://www.opportunity.org/press-releases/opportunity-international-announces-a-john-deere-foundation-grant-for-its-%e2%80%9cbanking-on-africa%e2%80%9d-initiative/)
In Rwanda, the majority of the population lives in rural areas. Through measures such as these, Opportunity is working to provide these clients, even in the most remote areas, with financial services to enable them to work their way out of poverty.
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Combined with other sources of funding, this project raised enough money to fund the outlined activities and is no longer accepting donations.
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