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Exploring Innovative Financial Services for Rural Women’s Livelihoods

The core of agricultural production is usually in rural areas where there is availability of land for farming. Rural women are highly engaged in agriculture and play critical roles across good systems unfortunately they continue to be disproportionately poor and financially underserved with only few financial service providers responding to their specific needs. How can rural women be supported to increase their incomes and resilience? Increasing women’s returns to labour Women face competing demands on their time and unequal access to resources such...

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Agricultural Finance Corporation to support women-led Enterprises

The Agricultural Finance Corporation (AFC) in its Programme, Women Affirmative Access Window which promotes financial inclusion in agrifinance will in the next nine months extend Ksh. 1 billion loan to women agripreneurs in Kenya. Women will not be required to provide collaterals as a guarantee to get funding which is usually a big hindrance to access funding especially from financial institutions. AFC’s loan portfolio is at Ksh. 8.7 billion and only 25% of the recipient are women hence the new directive...

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Eco.business Fund Partners with Cooperative Bank, Kenya to finance Sustainable Agriculture

Eco.business Fund has entered into its first partnership in sub-Saharan Africa with the Co-operative Bank of Kenya by providing an investment amounting to USD 10 million to finance sustainable agriculture which includes practices such as sustainable use of natural resources, mitigating climate change impacts to agriculture and protecting biodiversity. The partnership will enable the Bank to provide sustainable credit services to agribusinesses that conserve ecological landscape for instance business that use hydroelectric installations instead of fuelwood and cold storage solutions to...

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Deepening Relationships through a ‘Network Approach’- AFRACA and Small Foundation Partnership

The African Rural and Agricultural Credit Association (AFRACA) has entered into a partnership with the Small Foundation, a Development Partner. The partnership aims to support AFRACA in its network strategy, membership engagement and knowledge management. The partnership builds on Small Foundation’s on-going work with Creative Metier and Converge that supports leadership and membership engagement of mission-aligned African networks seeking to strengthen sustainability and amplify cross-cutting, ecosystem-level impact. We are excited on this partnership and we look forward to deepening our engagement with...

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AFRACA 21 st General Assembly

The African Rural and Agricultural Credit Association (AFRACA) will convene its 21 st General Assembly, virtually from 24 th to 25 th February 2021 at 9.00 am GMT. Traditionally, AFRACA’s General Assembly is held biannually and brings together all member institutions and key industry partners across Africa. The first day of the Assembly is designed as a Technical session in which AFRACA member- institutions will deliberate and share insights for a post – COVID-19 recovery period and Rural Finance impact indicators....

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Agricultural Value Chain Finance Innovations And Lessons: Case Studies In Africa

The African Rural and Agricultural Credit Association (AFRACA) and the Food and Agriculture Organization of the United Nations (FAO) have co-authored a paper on Agricultural Value Chain Finance Innovations and Lessons: Case Studies in Africa which is a series of different case studies and examples of Agricultural Value Chain Finance in sub-Sahara Africa. The case studies are descriptive and highlight real-life scenarios with an aim to facilitate training on value chain finance as well as to inform readers interested in innovative applications of...

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AFRACA convenes agribusiness and finance session at the AU cultivate Africa dialogue

In 2014, African Union member states adopted the Malabo Declaration on Accelerated Agriculture Growth and Transformation for shared prosperity and improved livelihoods. AU Head of States committed to allocate at least 10% of their national budget to agriculture and ensure its efficiency and effectiveness however, six years later not much has been achieved yetAgriculture remains to be the backbone of most African economies.The current COVID-19 pandemic has exerted more pressure on the fragile food system which was already strained even...

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