AgRIF: A rural investment fund to strengthen agriculture in developing countries

Multi-country Global | Cambodia | India | BoliviaEcuador | Guatemala | Nicaragua | Peru | Georgia | Tajikistan | Côte d'Ivoire | Kenya
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Projet AGRIF
AgRIF is an investment fund managed by Incofin. It mainly targets financial intermediaries whose clients are smallholders, microenterprises and SMEs established in rural areas in developing countries.
Client presentation
The investment fund agRIF was set up as a successor to the investment fund Rural Impulse Fund I (2007) & II (2010), in which Proparco participated. It will be managed by Incofin, a leading microfinance manager in terms of achieving a balance between financial and social performance.
Project description

Proparco invested in agRIF’s first closing. This fund will invest in financial intermediaries working in the agricultural value chain for smallholders, microenterprises or SMEs located in rural areas in developing countries. It will have a technical assistance facility to help client companies with their approaches to finance agriculture. The objective is to strengthen the financial inclusion of smallholders and SMEs in the agriculture sector, and develop new financial products for these targets. The facility will be operational throughout the life of the agRIF fund.

Project impact

This project will allow rural populations in developing countries to access financing and increase their incomes. The number of final beneficiaries is estimated at some 7 million people. It will also contribute to diversifying the capital market by targeting agriculture, a sector often neglected by investors. It will thereby support rural development in developing countries.

The technical assistance program will allow financial intermediaries to strengthen their operational capacities and better define models for sustainable financial services tailored to smallholders’ needs.

18/06/2015
Date of signature of the project
Sectors
Multi-country Global | Cambodia | India | BoliviaEcuador | Guatemala | Nicaragua | Peru | Georgia | Tajikistan | Côte d'Ivoire | Kenya
Location
10 750 596 Euros
Amount of funding
Equity investment of USD 12m and technical assistance of EUR 267,500
Financing details
Agricultural Rural Impulse Fund
Client