Liberia Agribusiness Development Agency (FtF LADA) has signed a partnership agreement
LADA Augments LEAD's Support To Farmers
By Ballah M. Kollie
MONROVIA, January 24 (LINA) – The USAID Feed the Future, Liberia Agribusiness Development Agency (FtF LADA) has signed a partnership agreement of US$50,000 with the Liberia Entrepreneurial and Asset Development LEAD.
Accordingly, LEAD will match the US$ 50,000 grant to US$100,000 to assist the members of the Gbeh-leygeh female farmers.
LADA’s augmentation is aimed at expanding LEAD’s current loan portfolio to US$100,000 which is a working capital to farmer-members of the Gbehlay-Geh Rural women cooperative.
This funding is to enable the women increase the production of their value chain operation and to supply harvested and collected rice, cassava and vegetable to the cooperative itself as well as large supermarkets and the local populace.
LADA and LEAD are USAID funded organs of the Feed the Future program that is supporting farmers to increase their on-farm productivity and income of small holder farmers in the country.
The Gbehlay-Geh Rurl Women Cooperative based in Nimba County is a local organization involved solely with the production and processing of rice for the local market and has a membership of at least one thousand farmers.
According to the term of the agreement, the loans will be process through an innovative digital financial services platform that will be managed by Cellcom “Smile mobile service.”
The agreement is certain that digital financial service will promote more efficient transaction by eliminating cash disbursement and the need for a physical office as well as provide easy financial transactions most especially in the micro-finance sector of the economy.
In a brief remark at the signing ceremony held at LADA’s Cong Town office recently, the entity’s Chief of Party Daniel Gies express excitement promising to collaboratively support farmers so that they produce the quantity of rice that will reduce the importation on the Liberian market.
He pointed out that the signing ceremony is not in isolation rather one that is part of a bigger plan that will put more money in the hands of farmers so that they produce what the country needs.
The USAID funded LADA, is a five year US$20 million “Feed the Future Liberia Agribusiness Activity,” that is being implemented by Cultivating New Frontiers in Agriculture in Bong, Lofa, Nimba and Montserrado County.
It seeks to accomplish this goal by expanding farmers’ access to and use of agricultural inputs and post-harvest handling, processing, packaging and marketing services at the local level.
The agreement was signed by Chief of Party of LADA Daniel Gies, LEAD’s Board Chairperson Samuel Reeves, the Chair lady for the Gbehlay-Geh Rurl Women’s Corporative, Annie Kruah and Eric Clarke, Corporate Sale Manager of Cellcom GSM, Liberia
LINA BMK/ TSS/PTK