Commitment to Action

Income Creation in Ethiopia: Microfinance in Agriculture

Commitment by

A Glimmer Of Hope Foundation

In 2010, A Glimmer of Hope committed to offer its infrastructure, track record, and well-defined partnerships with leading Ethiopian microfinance institutions (MFIs) at no cost to other CGI members who would like to support microlending initiatives in Ethiopia. All of the funds raised will be used to make microloans to farmers so that they can invest in irrigation equipment and other agricultural inputs and give start-up loans to businesses run by women, many of them agriculture-based. The commitment will enable farmers and their families to have food to eat and crops to sell in local markets. Additionally, women will have the start-up capital to engage in a broad range of business activities that create income for themselves and their families. A Glimmer of Hope will grant non-fundable, interest free, revolving loan capital to select established Ethiopian MFIs.

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Overview
Summary

Commitment

Income Creation in Ethiopia: Microfinance in Agriculture

Launched

2009

Est. Duration

2 Years

Estimated Total Value

$500,000

Region

Africa

Countries

ETHIOPIA

Commitment by

A Glimmer Of Hope Foundation

Partner(s) of the Commitment Maker(s)

The Whole Planet Foundation, OCSSCO (Oromiya Credit and Savings Share Company), Amhara Credit and Savings Institution (ACSI)