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Interest-Free Loans Take Holistic Approach to Sustainable Farming in Ghana
July 29, 2016
Ghanaian farmers benefitted from $ 22 million interest-free short-term financing under the Olam Livelihood Charter (OLC), according to 2015 results announced by global agri-business giant, Olam International.
The Olam Livelihood Charter, Olam International’s flagship smallholder sustainability initiative, caters for a total of 31,722 Ghanaian farmers in the cashew and cocoa sectors, cultivating a total of 73,968 hectors of land. Some 57 per cent of these farmers are women.
Launched in 2010, the OLC is a global initiative, which aims at bringing prosperity to farming and rural communities, building long-term relationships based on fairness and trust, and transferring skills and knowledge through partnerships.