Farmer Finance

Ethiopia

Impact

World Council's "Enhancing Food Security and Rural Livelihoods in Ethiopia" program assists rural savings and credit cooperatives in financing agricultural production and investment, mobilizing savings and providing a range of non-financial services such as small infrastructure investments to improve farmers' access to markets.

Download: Success Story PDF

Impact as of April 30, 2014 (Project End)



As of April 2014 (final) Target

Number of Members/Farmers

44,685
35,000
Membership Growth
359%
278%
Number of RUSACCOs

165
300
Number of RUSACCO board members trained

3,853
1,500
Number of farmers using new techniques

13,846 9,300

Community infrastucture projects

87
80
Locally mobilized savings
$3,200,000

$2,450,000

New Crops

Maize
Honey
Mung Beans
White Pea
Potato
Teff
Wheat

When World Council first began implementation of the project, the SACCOs were run by a group of volunteers with little more than a eighth grade education. SACCOs were able to acquire more members as member confidence rose through numerous training sessions on financial management and credit administration. The project also focused on increasing rural income for farmers. These higher incomes generated greater confidence in the SACCOs, which led to a 598% increase in savings per member.

2010 2011 20122013
% Growth
Total Members 12,612 23,382 33,678 57,884
359%
Total Savings (Birr) 1,260,795 7,012,319 12,093,350 40,395,14 3104%
Total Savings (USD) 70,044 389,573 671,853 2,244,175 3104%
Savings/Member (USD)
$5.55 $16.66 $19.95 $38.77 598%

Agricultural Finance

Program Goals


Tools