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.
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.