Rural farm families will have access to a loan program to support investments in farm equipment or land.

Economic Development > Buy Land and Housing for Central America Families

Buy Land and Housing for Central America Families

Summary

Contributions to the Noemi Credit Fund provide the resources for loans to Agros villagers for land and housing through a revolving credit fund. read updates from the field

How Donors Like You Helped

Thanks to donors like you, a total of $5,500 was raised for this project.

More Information About this Project

Project Needs and Beneficiaries

Land is a precious commodity throughout the world. Marginalized rural families lack access to the kind of credit needed to buy their own land. Trapped in a cycle of basic survival, they pay exorbitant rents for poor quality land or work for desperately low wages as migrant laborers. Agros restores opportunity for such families by purchasing farmland and providing long-term credit. Families pay back the cost of the land, earning right to its title, and making loans available to new families.

Activities

Investing in the Noemí Credit Fund ensures readily available funds to provide loans for new villages and families. $1000 buys an acre of land for a needy family. $5,000 buys a house, irrigation, and enough land for a family to live on and farm.

Funding Information

Total Funding Received to Date: $5,500

Funding Information

This project is now in implementation and no longer available for funding. Received funds will be used to accomplish concrete objectives as indicated in the project's "Activities" section. Updates will be posted under the "Progress Report" tab as they become available.

Donors' contributions and pledges to this project totaled $5,500. The original project funding goal was $5,500.

Additional Documentation

This project has provided additional documentation in a PDF file (projdoc.pdf).

Resources

Why this Project is Important

Potential Long Term Impact

The Agros model works to ensure economic, environmental, organizational, and social sustainability. Sustainability is not only key for the villagers themselves, but for the long-term and integrated approach that addresses these issues.

Project Message

It is better to dream when you’re awake than sleeping because when you’re awake, you can do something to make your dreams come true.
- Noemí López, Agros villager & namesake of the Noemí Credit Fund

Who is Running This Project

Contact

Sean Dimond,
Director of Marketing and Communications
4528 8th Ave NE
Suite 1A
Seattle, WA 98105
United States
(206) 528-1066
Email:

Project Sponsor

Agros International

Organization

Agros International
2225 4th Avenue
Suite 200
Seattle, Washington 98121
United States
206-528-1066
http://www.agros.org

Learn more about Agros International and the project team.

Agros International's Funded Projects on GlobalGiving

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See all 16 projects

Where this Project is Located

Country

This project is located in Guatemala and can also be found under Economic Development.

For more information about Guatemala, read the Human Development Report on Guatemala or the Wikipedia entry for Guatemala.

When this Project was Updated

Last Updated

This project was last updated on January 25, 2008.

Date Added to GlobalGiving

This project was added to the GlobalGiving project catalog on January 13, 2005.

Latest Update from the Field

Autumn 2007 Update Summary

By Laurie Werner - Program Director, January 25, 2008 03:12 PM

This update provides a summary of impact the Noemi Fund has made in 34 communities throughout Central America and Mexico. Without the Noemi Fund, land would not be purchased and these villages would not be established.

Contributions to the Noemí Fund facilitate an ongoing credit fund to support the initial costs of land, housing and irrigation. Noemí Fund investments in small farming communities allow the villagers to work toward sustainability, reaching a point where they can pay back their loans while supporting their families. Donations from churches, businesses, foundations and individuals cover the costs of agricultural assistance, health care, education, community development and other programs.

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