The Role Of Microfinance In Promoting Sustainable Agriculture
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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