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Journal of Sustainable Agricultural Economics

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Cite Score: 0.5 Impact Factor: 0.8
The Role Of Microfinance In Promoting Sustainable Agriculture
Author's Details

Name: AFM Rafid Hassan Akand

Email: arif.ahmed1199@gmail.com

Department: Department of Business Administration

Affiliation Number: 1

Address: 17877 Von Karman Ave, 4th floor, Irvine, CA 92614, USA

Affiliations

1 Department of Business Administration, Westcliff University, 17877 Von Karman Ave, 4th floor, Irvine, CA 92614, USA

2 Department of Marketing Analytics and Insights, Wright State University, 3640 Colonel Glenn Hwy, Dayton, OH 45435, USA

3 Department of Business Administration, International American University, 3440 Wilshire Blvd, STE 1000, Los Angeles, CA 90010, USA

Abstract
Sustainable Agriculture faces growing global challenges, including food security and environmental sustainability, necessitating technological innovation to optimize production and a formal economic structure to strengthen and empower the workforce and small farmers to meet the challenges of the ever-growing world agriculture. This study investigates the potential of Microfinance to help small-scale farmers meet their economic challenges to fulfill their smart agriculture endeavours, like buying technologies, financial literacy to overcome barriers like cost, awareness, and digital literacy, and optimum agricultural yield. Using the Local Microfinance Institutions (MFI) small loans for buying equipment, pesticides, crop seeds, and learning modern methods of agriculture with the collaboration of MFIs. This integration not only promotes sustainable agricultural practices but also demonstrates measurable benefits, fostering trust and adoption among smallholder farmers. The study underscores the transformative role of MFIs in advancing global agriculture, advocating for inclusive financial strategies to overcome socio-economic disparities and ensure food security. Future research should explore the role and potential of MFIs to grow and lift up the small farm holders, to stand up to fulfil their agricultural and economic needs, to eradicate food and economic insecurity in the world.

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This article is Open Access CC BY-NC
Article Information
Article Type
Research Paper
Submitted
08 June, 2025
Revised
26 June, 2025
Accepted
30 July, 2025
Online First
07 August, 2025
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