Skip navigation
2comments
Share conversation: Share via:

Hemant Wagh

Apr 16, 2015
03:41

Member


1 |
Share via:
Sir, kindly try to incorporate an inexpensive nonfinance approach towards Proposal for Rural resilience by sofopportunity. Affordable Rural Finance for Rural Resilience. Thanks. Link is below. https://www.climatecolab.org/web/guest/plans/-/plans/contestId/1300103/planId/1310401

Sergio Urioste Daza

Apr 16, 2015
03:05

Catalyst


2 |
Share via:
Congratulations, your project proposal is very interesting. Certainly the inability to access financial capital is a major constraint to socio-economic development, especially in rural areas. I understand that your project focuses primarily on lending for agricultural production development. Keep in mind that agriculture is a risky activity highly vulnerable to external factors, especially extreme weather events. The return on investment is based on crop productivity, which, as I understand not have any support or subsidy. How your project can reduce vulnerability? While you'll financing to farmers, they will not have backup or insurance on covering losses. About 80% of Malawi's population lives in rural ares, and 90% of this population bases its economy on agriculture. An extreme weather event, such as a drought, would strongly affect agricultural production. As a consequence the ability to save money in the population will decline and farmers would be unable to repay their loans; and they will have more debts because of interest rates. I suggest you to complement your project proposal with activities to help reduce the vulnerability of farmers to climate change; such as insurances or technical assistance in production.
ADD YOUR COMMENT
You must be logged into your account to post a comment.
Click on the box