NOMSA NKANA, Lusaka
THERE is need for financiers and other stakeholders to understand farming cycles for smallholder farmers (SHF) to allow appropriate interventions, says Mercy Corps.
Mercy Corps is a global humanitarian aid agency that launched a six-year AgriFin accelerated (AFA) programme in Zambia.
The US$25 million initiative is aimed at supporting the expansion of digital financial and non-financial services to SHF living on less than US$2.50 per day, as measured by the progress out of poverty index (PPI) in Zambia, Kenya and Tanzania.
PPI is a poverty measurement tool for organisations and businesses with a mission to serve the poor.
Mercy Corps says one of the likely causes of the disconnect between a relatively robust number of providers and effective uptake of formal financial services by farmers may be weak understanding of…http://epaper.daily-mail.co.zm/