By Emily Riemer | Marketing Communications Specialist
In recent news, Opportunity Malawi is partnering with the International Fund for Agricultural Development (IFAD) to provide access to microfinance services, including agricultural loans, to over 25,000 people living in poverty through 2011.
The $350,000 grant from IFAD’s Rural Livelihoods Support Program will help combat hunger and poverty in three rural districts in southern Malawi. In addition, IFAD has granted $234,000 to Opportunity Malawi to provide remittance services through cell phones and satellite branches in rural areas.
Opportunity Malawi CEO Aleksandr-Alain Kalanda said, “Supporting the people-to-people money flow to rural areas is vital in the development of this country.”
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