Globally, 1.2 billion people are extremely poor (surviving on less than USD a day), and three quarters live in rural areas. Poverty is predominantly a rural phenomenon. Extremely poor people spend more than half of their income to obtain (or produce) staple foods, which account for more than two thirds of their caloric intake. Most of these people suffer from nutritional deficiencies, and many go hungry at certain times of the year. In recent years, development agencies and national governments have renewed their commitment to reducing poverty, hunger and other human deprivations, as evidenced by the Millennium Development Goals. Among other objectives, the goals aim to halve the proportion of people living on less than USD 1 a day by 2015 (from the starting level of 1990). That means cutting the share of extremely poor people in low- and middle-income countries from 28 to 14%. The goals also call for halving the proportion of people suffering from hunger by 2015. The analysis here has found that successful agricultural microfinance lenders rely on various combinations of these features to mitigate the risks associated with lending to farming households, although in no experience were all ten features present. In fact, this paper does not suggest that, to be successful in agricultural microfinance, all ten should to be present, just that a substantial number of them seem to contribute to a well-performing portfolio, in diverse combinations, in a variety of circumstances.
#ManagingRisks #Agriculture #Microfinance #AgriculturalMicrofinance
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Publisher:
CGAP, IFAD
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(2006
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Type / Script:
Publication
in English
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Keywords:
AGRICULTURE, AGRICULTURAL PRODUCTION, RISK MANAGEMENT, MICRO-ECONOMICS, RESEARCH, RURAL POVERTY, MALNUTRITION, RURAL AREAS, AGRICULTURAL CREDIT, BANKS, FINANCE, COMMUNITY DEVELOPMENT, DEVELOPMENT PROJECTS, FARM MANAGEMENT, AGRIBUSINESS, FLOODS, COMMUNICATION TECHNOLOGY, AFFORESTATION, PRODUCER-CONSUMER GROUPS, FERTILIZATION, INVESTMENTS, LOANS, AGRICULTURAL RESOURCES, TEMPERATURE, FINANCIAL INSTITUTIONS, MICROCREDIT
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Thematic Group:
IFAD
:
International Fund for Agricultural Development
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Thesaurus:
04.01.01
- Agricultural Economics And Policy; Rural Sociology
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Reference Link:
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