File:USAID Album 72157647436044136, image 161.jpg

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Summary:

Description
  • Description: A broad set of USAID and Government of Peru programs have helped small farmers transition from growing illicit crops, such as coca, to alternatives such as cocoa for chocolate or coffee beans. To expand ongoing work and improve economic conditions, USAID Peru used Development Credit Authority risk-sharing guarantees to get local capital into the hands of creditworthy but underserved farmers. Over the past four years, these guarantees opened up $23 million in local capital for nearly 12,000 farmers in rural Peru. Flavio Garcias, a Peruvian farmer, received one of these loans, allowing him to improve his cacao production, quadrupling his annual income. He repaid his loan in full.

Watch: <a href="http://www.youtube.com/watch?v=RuBVLRLr7-Q" rel="nofollow">www.youtube.com/watch?v=RuBVLRLr7-Q</a>

Photo Essay: <a href="https://usaidpubs.exposure.co/like-credit-for-chocolate" rel="nofollow">usaidpubs.exposure.co/like-credit-for-chocolate</a>

USAID/Bobby Neptune

Source https://www.flickr.com/photos/usaid_images/albums/72157647436044136/
Author USAID U.S. Agency for International Development
Permission
(Permission-reusing-text)		 http://creativecommons.org/licenses/by-nc/2.0/

Licensing:

English: This file is licensed CC BY-NC 2.0

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current00:15, 15 May 2024Thumbnail for version as of 00:15, 15 May 20242,000 × 1,333 (668 KB)Mr. Ibrahem (talk | contribs)

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