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Monday, May 6, 2024

Empowering farming communities through inclusive business

When Lisa Huyen first set up her company, Vinasamex, which specializes in certified organic cinnamon and star anise grown in the mountainous and poorer provinces of Viet Nam, she faced daunting challenges including market access and securing financial support from banks.

“Developing an inclusive business model around an agricultural product can be challenging,” Lisa says of the difficulties faced by many similar enterprises in the region. “But you can do it if you have enough love, patience and a clear mission.”. Her perseverance, work and investments in human capital have since paid off not just financially, but also resulted in positive social impact for thousands.

“Ten years ago, our farmers had an average yearly income of $250 per hectare. Now they earn an average of $5,000 per hectare per year. The increased income means they can pay for their children to go to school…

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