Groundbreaking Microfinance Initiatives to Empower Farmers

Groundbreaking Microfinance Initiatives to Empower Farmers

Dr. Khaled Al-Ghazzawi, CEO of Ebdaa Microfinance Company, emphasized the vital need for collaboration among banking and financial institutions across the Arab region, particularly those specializing in microfinance. This collaboration aims to facilitate access to soft loans for farmers, thereby enhancing job opportunities in agriculture, tackling climate challenges, and elevating food security levels regionally.  These points were highlighted during Dr. Al-Ghazzawi speech at the “Arab Economic Security Forum in Light of Geopolitical Changes,” hosted by the Union of Arab Banks in Beirut, Lebanon, under the patronage of the esteemed Prime Minister of Lebanon Mr. Najib Mikati. Dr. Al-Ghazzawi explained that the banks affiliated with the “AGFUND” program, including Ebdaa company have embraced an integrated methodology. The key focus of this approach is to financially include farmers, empower them economically and socially, and support them in making informed decisions regarding their agricultural ventures while mitigating financial risks. “This mechanism offers a broad spectrum of opportunities for establishing and developing small projects. Moreover, it serves to safeguard small farmers, motivating them to diversify products and play a role in famine eradication, thereby contributing to the achievement of the second goal outlined in the sustainable development agenda.”  Dr. Al-Ghazzawi said.The CEO of Ebdaa Microfinance Company