Monday, April 13, 2009

UN loans $15 million for agricultural development

The United Nations’ International Fund for Agricultural Development (IFAD) plans to loan $14.98 million dollars to El Salvador to advance agricultural production in rural areas. This newest initiative is projected to benefit 30,000 Salvadorans living in marginalized communities, and is directed towards landless farmers, agricultural laborers, rural women and youth, and small business owners.

The project will provide access to financial services, technical assistance, and markets, to help “transform subsistence agricultural and off-farm activities into profitable, rural businesses and micro-enterprises.” It will also incorporate efforts to manage micro-watersheds and rehabilitate environmentally deteriorated areas.

- Leslie O'Bray, SHARE Grassroots Education and Advocacy Intern

* Photo taken from UN News Centre

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