Kaaba Microfinance Project for Low-Income Women Farmers
Rockflower Commitment: Fund project to increase the numbers of women reached in rural areas in need of financial services.
In spite of the huge agricultural potential of Somaliland, the growth in agricultural production has not been able to keep pace with that of the demand for food and agricultural products. Somaliland relies heavily on the large quantities of food it imports despite the fact that the country has the land and appropriate climate to grow crops. With high local demand and low food domestic production the country is facing an upward pressure on food prices. High food prices are also adversely impacting low-income farmers because they sell at low prices at harvest time to finance essential needs and buy back at high prices later in the season when their own stock runs out.
The agricultural sector in Somaliland is predominantly made up of smallholder farms which produce the sector’s output. However, the current situation of these smallholder farms is constrained and not sustainable. The majority of these farmers are women and are unable to adequately feed their families, and their livelihoods are not sufficiently diversified to insulate their households from external shocks, due mainly to their low production base. Offering opportunities to increase the socio-economic welfare of these smallholder farms, which are mainly owned by women, is of a paramount importance for Somaliland’s food security.
Providing credit for farm investment, improved post-harvest practices, greater household cash flow, all enable better access to markets, promote better management of risks and encourage non-farm income generating activities. It is against this background that K-MFI aims to increase the production of the targeted smallholder farms owned by women.
About Kaaba Micro finance Institution
Kaaba Microfinance Institution (K-MFI) is a financial service provider that strengthens the economic base of the low-income women farmers and women livestock owners, youth, micro-businesses. K-MFI has been operating under its parent foundation known as Doses of Hope Foundation (DHF) since 1999. Despite many challenges and constraints, the institution managed to build itself from a microcredit project that started with 150 clients, to a microfinance institution that has served up to 14000 clients from 1999-2015- out of which 80% are low-income women. K-MFI has currently over 6400 active clients and is operationally sustainable since 2012 with a repayment rate of 98%.
In partnership with Rockflower, K-MFI will in this project access financial service to 200 women farmers living in the rural areas of Somaliland. The overall goal of this project is to increase and expand the productivity of these women farmers and to create for them sustainable and resilient livelihoods through the provision of financial services. The project will further indirectly benefit another 1400 of their dependents. K-MFI will offer loans of up to USD $250 to the 200 women-farmers who require capital to increase their agricultural production and compete in the local markets. The project also provides financial literacy training as well as a mandatory savings account for each group.
Fund building of schools in Takhar, Afganistan to create access to education for over 600 girls.
Fund economic empowerment training of 400 women in Kashmir's Gurase Valley.
Fund training of 230 midwives in maternal and child health care services in South Sudan.
Fund Training of Mobilizers Program for participation of 25 women over two years.
Fund expansion of new partnerships to lift one million more people in East Africa out of poverty.
Fund training of women leaders in serving the women's financial market.
Fund land acquisition to start organic farm to provide employment opportunities and income in Tanzania.
Fund clean water initiatives and the hiring and training of local engineers to operate and maintain the system.
Fund project to increase outreach to women in need of financial services in rural areas.
Fund microloans and environmentally sustainable farming technologies for women farmers.
Fund expansion of vocational outreach initiatives and loan system targeted at women and girls.
Fund the creation of peace clubs in secondary schools opposing gender violence.
Fund a grant to foster an agricultural legacy in the desert by addressing food and water security and improve the livelihoods of rural women.
Fund programs to improve employment opportunities for women and girls through education and training.
Fund construction of grain mill for economic and community development for local women.
Fund a six month advocacy and awareness campaign for the prevention of child marriage and the spread of HIV/AIDS.
Fund the construction of a permanent maternal health center at Chiran.
Fund campaigns to improve livelihoods of girls and women through marketable skills training.
Fund training in tailoring to reduce poverty among young women in rural Kenya.
Provide funding to create access to education for disadvantaged girls.
Fund micro garden and mushroom production to increase food security and income generation.
Provide funding to enhance economic empowerment for 150 deserted women.
Support training of traditional birth attendants (Comadrona) in the rural areas of Guatemala.
Establish a women's collective for the women of El Astillero, Nicaragua.
Fund project to improve livelihoods of girls and women through mentor programing and training.
Fund sustainable maternal and reproductive health education services.
Establish a Women's Collective that provided cook stoves and training to low income households.
Empower women to deliver with dignity in rural Uganda.
Equip young women with business management skills.
Fund a biomass briquette initiative turning agro-waste and household by-products into an alternative to charcoal and fuel wood.
Related to Microfinance Project