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Micro Finance Facilities & Education Available To Subsistence Farmers

Most subsistence or low productivity farmers have little access to government or bank finance sources. Micro finance services can assist.

Photo of Malcolm Green
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EXPLAIN YOUR IDEA

While there are many micro finance organisations in action, most provide little educational support to ensure that the people who are in most need of financial assistance do not also receive knowledgeable advice about how best to adapt, expand or change their business for the better. Simply changing a farmer's crop to a more valuable market commodity can help. Assistance in implementing better equipment or operational methods can help. Providing access to better delivery and marketing services can deliver significantly better returns especially when a venture has been locked into inadequate government subsidies when a more market orientated independent marketer can often deliver far better returns. Giving farmers adequate financial support at reasonable rates plus product and market knowledge can allow an enthusiastic farmer to change their farming methods to higher productivity ones, change their crops to higher value ones, and participate in more effective, profitable direct marketing methods when allowed to join independent operators. Most farmers here in Vietnam are simply advantages that they could be part of. Government management has no incentive to change the status quo and little expertise in market development from either grower or consumer perspectives. The available knowledge is not getting disseminated effectively to where it is most needed. Combining knowledge and financial support through the same delivery process would greatly improve development options.

WHO BENEFITS?

Farmers change their traditional methods and crops to higher productivity, higher value products through access to both the financial support and practical knowledge to make change happen. They get the increased income returns, the consumer gets better quality products that better reflect their demand, and everyone gets a more market focused, higher productivity and profitable economy sector.

WHERE WILL YOUR IDEA BE IMPLEMENTED?

Micro finance organisations in Vietnam are doing good work but have not included an educational aspect to their services. Without this additional support keeps farmers out of real market developments and therefore perpetuating existing limitations.

ARE YOU IMPLEMENTING IN AN ELIGIBLE COUNTRY?

  • Yes

EXPERTISE IN SECTOR

  • I’ve worked in a sector related to my idea for over a year

EXPERIENCE IN IMPLEMENTATION COUNTRY(IES)

  • Yes, for more than one year.

Many disadvantaged farmers do not have adequate access to financial support that would enable them to even out money requirement, increase their farm productivity, or make significant upgrades to their traditional farming methods. Often government or commercial finance sources are difficult to access and are not timely or delivered with the best attention to improving farming in a sustainable manner.

Inspired by (1)

Fish & Rice farming

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Photo of Ozuluonye Shedrack
Team

also can your idea be deployed to Nigeria?

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