TAKE AND GIVE PROJECT
Women play a central role in the agricultural value chain, forming its backbone by making up 52% of the total population in the sector (FAO). They also are responsible for up to 50% of the farm labor in Sub-Saharan Africa. Mostly, women are seen within the sector as entrepreneurs, livestock owners and smallholder farmers within the sector. Women are however limited by lack of access to productive resources and are not opportune to take advantage of the opportunities available within the sector.Chananhill, in a bid to address these challenges, identifies communities and target farmers, particularly widows and internally displaced women who fall within the most vulnerable group in their community. The women are supported with small ruminant (Male and Female goat), medication, vaccine and feed. Upon reproduction, the woman will also introduce another woman who is interested and she will be given the one kid out of the number of kids birthed by the goat whilst the remaining kids becomes hers. This way women learn to help other women and together they build a strong community of financially stable women resilient to economic shocks.
INKIND POULTRY FINANCING
Over the years, we have seen that women are disproportionately affected by economic and climatic shocks due to their limited resources – assets, skills, and capital. Sadly, traditional institutions of financing, education and business are not built to create that opportunity to reduce women’s vulnerabilities to these shocks.As such, Chananhill wanted to provide that atypical system that allows women in their current state, access the resources they need to be economically empowered, accumulating the needed resources to be resilient and step out of poverty.Similar to our TAG project, women are supported with input. In the case of In-kind poultry financing, we give 50 birds to each woman, along with the necessary input (vaccines, feeds, training, etc) as a loan, and upon maturity, they either sell to the open market and/or they supply to hotel chains that we link them to. Our goal is to expand to 50,000 women in the next 5years, leveraging atypical finance – crowdfunding and patient capital, and working with community-based organizations to rapidly scale rural reach.
While accessing the right type of finance remains a challenge for small businesses, ChananHill have chosen a path of solving the problem of one entrepreneur at a time, with the expectations that we can develop a body of evidence on what approaches are scalable and find the interested partners to work with us to scale these ideas. We profile individuals and small businesses who need financial support to secure productive assets, finance their farm operations or trade and offer both small loans and technical support to ensure the funding goal is achieved. Categories of entrepreneurs that have been financed through our friendly loans those who seek to acquire productive assets – farming equipment, vehicles for transport business; those going into farm operations; and catering business or restaurant owners. To take this to scale, we are looking to explore securing a microfinance license and atypical channels for raising capital, including catalytic grant opportunities.
Have any Questions About the Project?
Address: No. 12 Ebitu Ukiwe Street, Jabi, Abuja