Contributions to the Noemi Credit Fund provide the resources for loans to Agros villagers for land and housing through a revolving credit fund.
Land is a precious commodity throughout the world. Marginalized rural families lack access to the kind of credit needed to buy their own land. Trapped in a cycle of basic survival, they pay exorbitant rents for poor quality land or work for desperately low wages as migrant laborers. Agros restores opportunity for such families by purchasing farmland and providing long-term credit. Families pay back the cost of the land, earning right to its title, and making loans available to new families.
Investing in the Noemí Credit Fund ensures readily available funds to provide loans for new villages and families. $1000 buys an acre of land for a needy family. $5,000 buys a house, irrigation, and enough land for a family to live on and farm.
The Agros model works to ensure economic, environmental, organizational, and social sustainability. Sustainability is not only key for the villagers themselves, but for the long-term and integrated approach that addresses these issues.
This project has provided additional documentation in a PDF file (projdoc.pdf).
Rural Poverty Report 2001 (IFAD)