Wednesday, December 20, 2023

MEDA gets $11.9 million for Honduras farm project

 

 

The federal government is supporting a farming project in Honduras with $11.9 million.


Mennonite Economic Development Associates of Waterloo is investing $1.46 million.


The six-year project is to enhance market systems for smallholder coffee and cacao farmers.


MEDA said it will be working with 7,000 women and youths who farm and 80 agricultural businesses.


Dorothy Nyambi, the president and chief executive officer for MEDA, says the project will create or improve job opportunities for at least 5,250 women and youth. And sustain a minimum 1,750 jobs.


"This investment will be critical to coffee and cacao smallholder farmers delivering sustainable yields and mitigating climate change effects in Honduras," Nyambi said.


"The climate crisis has led to prolonged dry spells and as people risk hunger, more farmers are unable to make ends meet and often make the devastating choice to flee their homes," said Ahmed Hussen, federal minister of International  Development.


"MEDA's OCIDA project will combine expertise in sustainable agriculture, financial services and investment to create more opportunities for women and youth facing this challenge."