Friday, November 14, 2008

Oooh! It's Two of My Favorite Things!

Agriculture and fighting poverty! Whooo hooo!

See the full press release here.

John Deere Foundation and Opportunity International Join to Fight Hunger

$1.2 million grant will create $10.6 million in economic impact for the poor in hunger-afflicted Sub-Saharan Africa

Last update: 11:29 a.m. EST Nov. 13, 2008

OAK BROOK, Ill., Nov 13, 2008 /PRNewswire via COMTEX/ -- Opportunity International, one of the world's largest microfinance organizations, today announced it has received a $1.2 million grant from the John Deere Foundation to provide increased access to financing for the hunger-afflicted in Africa.

Through Opportunity International's unique financing model, the grant will have a $10.6 million economic impact over the next three years. It will benefit thousands of farmers, food processors and retailers and their ability to provide affordable food to the rural poor in Malawi and Mozambique.

The John Deere Foundation grant will enable Opportunity International to implement low-cost, technology-driven programs that provide a full range of microfinance services to poor families living in rural areas in Malawi and Mozambique. The goal of the joint project is to create a sustainable framework in Africa to increase food production, food availability at local markets and family income for food....

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