Economics Microfinance Questions
The role of microfinance in promoting sustainable agriculture is to provide financial services, such as small loans, savings accounts, and insurance, to small-scale farmers and agricultural entrepreneurs. These financial services enable them to invest in sustainable farming practices, purchase necessary equipment and inputs, improve irrigation systems, and adopt environmentally friendly techniques. Microfinance institutions also offer training and technical assistance to farmers, helping them enhance their agricultural skills and knowledge. By providing access to capital and resources, microfinance empowers farmers to adopt sustainable practices, increase productivity, improve their livelihoods, and contribute to long-term agricultural sustainability.