Creative Financing to Make Small-Scale Farming Technologies Affordable for the Rural Poor
Small-scale farming is the principal source of livelihood for many in Kenya. Agriculture provides 71 percent of employment and accounts for over 25 percent of Kenya‘s GDP. KickStart International’s shallow water irrigation pumps can increase annual net-farm incomes for these farmers by an average of $700 per year. Despite the relatively low cost of KickStart’s pumps, however, they are still beyond the reach of many poor farmers who often have irregular incomes and find it difficult to pay the large up-front cost of the pump. With support from DIV, KickStart is testing two innovative financing mechanisms to increase access to these products and help break down critical financial barriers.
Read the full project description: www.usaid.gov/div/portfolio/kickstart
Photo credit Esther Havens