Agriculture / Finance

Financing Sustainable Development Around the World

Rainforest Alliance President Tensie Whelan discusses the role of finance in sustainable agriculture.
tensie-cocoa-beans

More than two billion people around the world are dependent for their livelihoods on five hundred million smallholder farms. Yet these smallholder farmers, who typically have less than five acres under cultivation, operate far below their potential because they lack access to the technical assistance and credit they need to implement better farm management practices.

Global smallholder demand for credit is estimated at nearly $500 billion. While “social finance lenders” typically lend to smallholders who don’t qualify for traditional or commercial loans, they currently meet only a tiny fraction of that demand — roughly $350 million. That leaves millions of smallholders unable to make needed investments in raising their workers’ pay and improving worker safety, building waste management systems, and installing new water-conserving technology — all of which contribute to increases in yields and income.

Traditional aid programs aren’t likely to alleviate the problem anytime soon, but urging lenders to change their practices could help…

Continue reading the full article on the Philanthropy News Digest website.

4 thoughts on “Financing Sustainable Development Around the World

  1. Pingback: APREIS.ORG | Economia Solidaria Sustentavel Na America Do Sul

  2. Pingback: Bridging the Gap: Using Sustainable Finance to Improve Cocoa Farmer Livelihoods in Côte d’Ivoire | The Frog Blog UK

  3. Pingback: Bridging the Gap: Using Sustainable Finance to Improve Cocoa Farmer Livelihoods in Côte d’Ivoire | The Frog Blog: US & Canada

  4. Pingback: Ivoriaanse boeren hebben weinig toegang tot duurzame financiering | The Frog Blog Nederland

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