
GENERATING ECONOMIC GROWTH
While rural communities need financial services the most, they remain the largest unserved market for financial services.
Rural areas account for over 50% of the population in many developing countries, yet these markets remain significantly underserved.
To achieve desired results in raising rural productivity, businesses require a level playing field in terms of accessing infrastructure and investment. Rural economies, characterized by a strong dependence on agriculture and related activities. The lack of diversified economic activities makes them vulnerable to agricultural risks such as poor harvests, pests, and fluctuating commodity prices.
Industrial & Enterprise Development: With appropriate interventions, we can transform rural markets into bustling economic zones in the following key industries and sectors.
A) Agriculture: By adopting modern farming techniques and access to better seeds, fertilizers and machinery to boost productivity.
B) Healthcare: Medical camps and or mobile health clinics to address healthcare access issues, improving health outcomes and productivity.
C) Education: Improving access to education through our education programs to enhance skills and employability. This will spur economic development as a more informed workforce shall drive innovation and growth.
D) Retail and Consumer goods: Partnering with microfinance and credit facilities to enable rural consumers to purchase goods and services from the demand for consumer goods as a result of rising incomes.
Financial inclusion: Access to finance can be a powerful tool to develop the rural economy especially for the classes we focus on (above). In all these scenarios, a common factor is the need for working capital, insurance coverage, loan guarantees and venture capital as enablers. This consciousness will unlock considerable economic potential of rural areas by increasing household income and decent working opportunities.
“Unlocking the potential of the rural economy”
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