TED: A transparent, easy way for smallholder farmers to save | Anushka Ratnayake

The video discusses the financial challenges faced by smallholder farmers, who often lack cash at critical times. It highlights the need for savings rather than credit, as farmers can save small amounts over time. Milagro's program helps farmers save for seeds and fertilizer, improving yields and income. The program uses familiar technology, like scratch cards, to facilitate savings. It has significantly impacted farmers, especially women, by increasing their income and breaking the cycle of poverty. Milagro aims to expand its reach to 1,000,000 farmers, reducing poverty and hunger in West Africa.

What is a major challenge faced by smallholder farmers according to the transcript?

• Lack of land

• Lack of cash at the right time

• Lack of government support

• Lack of education

How do smallholder farmers manage to save money despite their low income?

• By receiving large government grants

• By taking large loans

• By selling small items at local markets

• By investing in stocks

What technology does the Milagro program use to help farmers save?

• Blockchain

• Online banking

• Credit cards

• Scratch cards

What is one benefit of the Milagro program for women farmers?

• Government subsidies

• Access to international markets

• Free education

• Democratic access to seeds and fertilizer

How much more food did the average Milagro farmer grow compared to non-Milagro farmers in 2021?

• Three times more

• Two times more

• The same amount

• Four times more

What was one of the outcomes for Demba after joining the Milagro program?

• He moved to a different country

• He expanded his business by buying freezers

• He started a new career in technology

• He stopped farming

What is the future goal of the Milagro program?

• To reach 2,000,000 farmers

• To reach 100,000 farmers

• To reach 500,000 farmers

• To reach 1,000,000 farmers