Bangladesh’s Dairy Queen: How Renu Bala Built a Dairy Cooperative that Helped Change Women’s Lives
In 2014, Renu Bala took part in a training programme led by FAO where she learned about a special credit policy in Bangladesh that provides loans to small dairy businesses at low interest rates and with long repayment periods.
But first, she had to find a bank that would lend to her under that policy. Her door-knocking skills and perseverance kicked in again. After many attempts, Renu Bala worked with FAO and received a loan from a local bank.
With the money, the 15-member cooperative was able to buy high-yielding Friesian cows. From the sale of their first heifers, they paid back the loan and secured a new loan from another bank. By this time the cooperative had doubled in membership.
With the Friesian cows, milk production increased from up to two litres per cow, per day to over ten litres. The cooperative began selling the high-quality milk to local sweet shops and milk processing companies, generating precious income for the women – and collective savings for future investments.
It also earned Renu Bala national recognition for her work. In 2016, the Prime Minister of Bangladesh bestowed a national agricultural award on her for establishing and leading the cooperative.
The success of the cooperative has eased the women’s lives and given them a new sense of optimism. “This dairy business is very good for me and other women, because we can do it alongside other household chores,” Renu Bala says.
“That’s why I really like the dairy business. Now we can earn money from home.”
Support for women entrepreneurs like Renu Bala and the Panjor Bhanga Women’s Milk Cooperative is set to continue through the Missing Middle Initiative (MMI) in Bangladesh, also funded by the Global Agriculture and Food Security Program (GAFSP).
The MMI will help 50 farmer organizations around the country improve their access to financing, technology, value chains and markets.
Renu Bala’s story is one of many.
FAO has more than four decades of experience supporting investment policies, programmes and capacity development in Bangladesh, including working with farmer organizations.
The evidence is clear; countries, like Bangladesh, that have consistently invested in agriculture have reaped the most benefits in boosting incomes whilst reducing hunger and malnutrition.
Investing in agriculture can transform lives, reduce hunger and malnutrition, and eliminate poverty. Working with international partners, FAO has contributed to over 2,000 agricultural and rural investment strategies, policies and programmes in more than 170 countries. FAO Investment Centre carries out the majority of this work.
*SOURCE: FAO—UN Food and Agriculture Organization. Go to ORIGINAL. 2018 Human Wrongs Watch
