Speeches Shim
March 23, 2016
Co-ops now able to access crop loans through millers
East African smallholder farmers must rely on savings from their low incomes to increase their farms’ yields. This is largely due to their lack of access to credit, which requires collateral and loan histories, requirements that are far removed from these farmers’ financial realities. Thus they are left at the mercy of friends and relatives to provide them with small loans.
January 25, 2016
When the Agricultural Market Development Trust (AGMARK) received a grant from USAID’s African Institution Innovation Mechanism (AIIM), they did not envision the ripple effect of increased funding from other donors that would follow. AGMARK has attributed this positive development to the standardization of its systems funded through the capacity building component of the grant, known as USAID AIIM-Assist.
January 25, 2016
A plentiful harvest in East Africa brings with it the challenge of selling the surplus. Notwithstanding high demand in neighboring countries, farmers are often unable to sell their surplus grain. Unlike large companies that carry out meticulous research on market opportunities, small-scale farmers barely know the meaning of business terms, and have long depended on middlemen or the government to buy their entire surplus.
USAID’s Stabilization Objective in Somalia: To increase Somalia’s stability through targeted interventions that foster good governance, support economic recovery, and reduce the appeal of extremism.
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