Many of our clients in Mozambique are small farmers, some of the poorest people in the world. John Magnay talks about the importance of targeting agricultural loans in the future.
“With 70% of Africans directly involved in agriculture, if you do not target them you will miss some of the very poorest people in the world. With your help we are optimizing the utilization of microfinance by helping farmers adopt good agriculture practices, links to buyers and extension service providers and access to input to help them achieve optimum output. The close of 2011 marked the end of the pilot phase of Opportunity’s Agriculture Finance initiative. Having refined the model and accumulated a wealth of knowledge during the pilot phase we are eager to kick off a period of high impact and growth. We have grand expectations for achieving scalability in 2012 and beyond. In the next phase we hope to bring services closer to clients using the mobile phone to give clients access to their funds from their own rural village, and using GPS to capture household data and to locate farms. These will be piloted in 2012-13. Best Regards, John”
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