Accelerating access to finance and growth for SMEs in emerging markets is the essence of the partnership between PUM Netherlands senior experts and BiD Network. Working together successfully for over two years in Uganda, nine SMEs have been able to attract investment. This month, both parties agreed to intensify their collaboration by expanding to Rwanda and Kenya.
What is unique about the collaboration between BiD Network and PUM, is that it is now possible to offer entrepreneurs a total package. Of course, the entrepreneur is responsible for his or her own company, but essential knowledge and investments are often unattainable. This collaboration offers entrepreneurs the opportunity to take concrete steps and to contribute to the economic development in their country.
Gert van Veldhuisen, CEO BiD Network: ‘’BiD Network and PUM have many synergies and complement each other in the work they do for entrepreneurs in Africa. Where PUM strengthens the... Read more
The Global SME Finance Awards will recognize outstanding achievements of financial institutions and fintech companies in delivering exceptional products and services to their SME clients.
In the last year, if your institution has successfully launched an innovative product or service for SME clients, achieved remarkable results in providing finance to SMEs, or is an innovator in digital financial services, submit your nomination in these categories (each institution can be considered for up to two categories). Winners will be announced at the Global SME Finance Forum 2018 in Madrid.
- Product Innovation of the Year
- SME Bank of the Year
- Responsible Digital Innovator of the Year
Deadline for submission: 23 July 2018
Reach: What is the number of MSMEs served/financed and volume of fina... Read more
The transition towards a circular economy is expected to generate multiple economic, social and environmental benefits. Financiers play an important role in accelerating this transition by facilitating finance for businesses and projects applying circular economy business models.
In December 2014 the FinanCE working group was founded by PGGM and brought together a group of organizations related to the world of finance that were interested in the transition to a more circular economy. The group was supported by the Ellen MacArthur Foundation.
For this publication the FinanCE members ABN AMRO, ING and Rabobank sought active support and feedback from all FinanCE Working Group Members. The overarching goal is to create and stimulate a common understanding of circular economy finance.
This common understanding will accelerate financing and investing in c... Read more
The e-MFP Summer 2018 Newsletter is now out with:
* Update on the call for applications for the €100,000 European Microfinance Award on Financial Inclusion Through Technology;
* Past Awards revisited;
* Offsite Session - our joint event with the Financial Inclusion Forum UK;
* Save the Date for European Microfinance Week 2018;
* What Role can Microfinance Play in Increasing Access to Affordable Clean Energy?;
* Focus on the Responsible Inclusive Finance Facility in Southeast Asia (RIFF-SEA);
* 100 Smart Certifications - a Milestone for Responsible Inclusive Finance;
* A look at the new study 'Critical Capital for African Agri-food SMEs';
* Updates from our Action Groups
* plus all the latest news and activities from e-MFP and its members complete the edition.
Read the online version here
Read the pdf here
The ILO’s Social Finance Programme is inviting proposals from financial institutions in Indonesia and the Philippines that aim to implement an integrated risk-management solution for low-income households and/or small enterprises. The objective is to test risk-management solutions that combine savings, credit, insurance, and risk prevention. The ILO seeks partners for whom improving customers’ ability to manage risks is a strategic priority and who have the potential to leverage technology to scale the innovations quickly and achieve sustainability, while improving customers and shareholder value.
We are looking for partners that are interested in implementing innovations in the following areas:
* Bundling a range of financial services that improve consumers’ ability to manage risk
* Developing risk management solutions that supplement existing social pro... Read more
Interesting article by CGAP about a recent survey which shows that a/o funders are prioritizing countries where women are more financially excluded and that funder support has not resulted in much progress in addressing the gender gap. And quoting a blog post by Mayada El-Zoghbi suggesting that perhaps the financial inclusion community has prioritized the wrong barriers. Access to credit may be a need for many women, but funders encouraging FSPs to offer this service may just not be the answer. There are other reasons why women remain financially excluded, such as social and cultural norms, as well as policy and regulation. It is perhaps time for funders to also focus on these issues to achieve meaningful progress.
Digital bulk payments have the potential to connect millions of poor farmers to digital financial services. This report from CGAP and UNCDF recounts UNCDF's efforts to digitize payments to coffee farmers in Uganda, where just 29 percent of adults actively used mobile money in 2014. It shares lessons for donors, financial services providers and agricultural firms that are interested in digitizing agricultural value chains.
Digital financial services are transforming the world's financial sectors. At the heart of this transformation is the rise of digital payments services like mobile money, through which nearly any individual or business can send or receive money in real time for almost any purpose and from nearly anywhere in the country - an inclusive payment ecosystem. While much has been written about the success of mobile money in Kenya, little is known about other African countries' experiences. What lessons do these markets hold for other countries seeking to build inclusive payments ecosystems? In a new publication, CGAP follows the journeys of Tanzania, where 60 percent of adults have used mobile money in the past year, and Ghana, which is today one of Africa's fastest growing mobile money markets. READ MORE
During Foodfirst Conference - 1st June - at Rabobank Utrecht
Organised by: AgriProFocus, ICCO, Rabobank Foundation
Frank Bakx (Rabobank Foundation) presented the results of the study Critical Capital for African Agri-Food SMEs that reviewed demand and supply of risk capital for agrifood SMEs in Sub-Sahara Africa, based on field studies in Kenya, Tanzania, Zambia and Mali
Hans Docter: Director for Sustainable Economic Development at Ministry of Foreign Affairs, the Netherlands
Laura Smeets: Investment Director at BiD Network Foundation
Jaap Jan Verboom : CEO at Truvalu
Sean Patrick: Founder and Food Innovator at Green Banana
Demand for and supply of risk capital do not match! Entrepreneurs in the SME agri-food sector in Sub-Sahara Africa have a high demand for capital injections between 150 and 250K USD. Private equity and venture capital provider... Read more
Aeres Trainingcentre has this masterclass in June 2018. This Masterclass is intended for (Financial) Managers and trainers / advisors of medium-sized companies active in the livestock sector in emerging economies. These could be livestock production companies, food processors, feed companies and others active in the livestock input supply and services sector.
Innovations and development of companies in the livestock sector are slowed down due to the fact that the financial and economic aspects of the technical and operational improvements are not adequately addressed. Investments in new facilities and production improvements require a thorough assessment of the financial viability and economic feasibility before these can be approved and implemented.
Attracting loans and/or equity for businesses in the livestock sector requires a detailed understanding of the markets, economic, financial and operational aspects of the proposed investments. Investors req... Read more
The United Nations Development Programme (UNDP) Indonesia just released a report titled “Women’s Entrepreneurship and Access to Finance: Challenges and Opportunities of Women-led Social Enterprises in Indonesia”. It was produced in partnership with Angel Investment Network Indonesia (ANGIN) and financially supported by the Government of Canada.
Investing in women entrepreneurs has been a hot topic over the past few years due to its win-win outcome; not only in social context but also from the economics point of view. Aligned with recent study on women entrepreneurs by the International Finance Corporation (IFC) which found that the repayment rate of women entrepreneurs is better, our recent study revealed that women entrepreneurs we interviewed do not have any difficulty in repaying loan; in fact they are more proactive and cultivate closer relationships with their financial b
ICCO Cooperation, Rabobank Foundation and AgriProFocus, in cooperation with Food & Business Knowledge Platform, are conducting a research on venture capital for agri-food SMEs in Sub-Saharan Africa. The objective of the research is to provide information on the current situation and state of the art developments in the area of venture capital / private equity for agri-food businesses in Sub Saharan Africa as well as evidence of successful financing strategies and mechanisms for related policy recommendations to governments, donor agencies, financiers, and the development community in a wider sense.
The research includes desk study, consultation of resource persons, analyses of selected cases of Agri-Food SMEs having obtained venture capital as well as of Venture Capital Suppliers & Mechanisms operational in the selected focus countries; Kenya, Zambia, Mali and Tanzania.
While local consultants from Kenya, Zambia and Mali have alrea... Read more
June 2015, USAID and Fintrac
'Given the financing gap, and the fact that most farmer income is used to meet basic needs, businesses serving smallholder farmers must rely on innovative methods to enable customers to purchase products and services. Without doing so, companies risk having a limited market for their products and services.
There are a number of promising affordability and financing strategies available for companies to offer customers outside of traditional commercial lending. In many cases, companies can couple these strategies with product and service delivery to offer a comprehensive solution that increases customer adoption.
This playbook will assist partners in understanding the variety and viability of the strategies available to help customers afford a product or service and will help them ... Read more
Laporan ini menampilkan berbagai program dan mekanisme
mengelola resiko, dengan fokus di inovasi untuk meningkatkan akses pembiayaan.
Laporan ini bertujuan meningkatkan kesadaran resiko dan dampaknya pada pelaku
berbeda di tahap yang berbeda di rantai nilai kopi. Laporan menyoroti kebutuhan
kolaborasi antar semua pelaku dalam sektor kopi, baik secara nasional maupun
global, dan memaparkan kesempatan potensial untuk mengingkatkan manajemen resiko
dan akses pembiayaan secara koordinatif. Dua kasus final dalam laporan ini menunjukan
siklus untuk meningkatakan manajemen resiko yang menyebabkan mengingkatnya
akses ke pembiayaan. Pada akhirnya, terjadi siklus yang membuat manajemen
resiko lebih berkembang ke tahap selanjutnya.
Baca selengkapnya di http://www.ico.org/WorldBankCompendium_e.asp
Asset financing has emerged as a promising new model for agricultural finance attracting a growing number of investors to the sector. However, small agribusinesses in developing countries still face significant challenges accessing investment capital, including unrealistically high collateral requirements and unaffordable interest rates. With traditional financial institutions providing less than a sixth of the $200 billion required to fund smallholder agribusiness globally, how can small agribusinesses ensure they are best positioned to attract investment and financing? Moving the Needle: Critical Success Factors for Scaling Asset Finance outlines the factors critical for success.
To access the full report developed by !nspiraFarms - http://www.inspirafarms.com/articles-publications/
Last year, the Dutch NGO SPARK commissioned a comprehensive study to identify the main restrictions to getting access to finance in Myanmar. This policy-oriented document aims to: i) identify the main constraints that entrepreneurs and companies face when seeking to access finance in Myanmar; ii) give an indication of the adverse impact that stems from these constraints; iii) where pertinent, suggest how other transitional and developing economies have sought to address this issue; and iv) offer some recommendations as to how these constraints could be addressed by policy-makers and other stakeholders.
The report focusses on general principles of finance provision, current debt finance constraints in Myanmar and emerging non-debt financing constraints. Please find the full report by clicking the link below.
The KCB Foundation and Tuskys Supermarket have entered into a strategic partnership to support contract farming for thousands of youths in agribusiness and offer at least 1,600 internship opportunities.
The partnership targets to benefit 12,000 youths across 22 counties in the identified value chains in agribusiness through provision of asset financing and working capital to enable the young farmers meet the needs of demand and supply.
Tuskys Supermarkets has committed to buy all the produce from the
venture. “This project is meant to support youth entrepreneurship. We
believe that the youth hold the greatest sway in the pace and trajectory
that the East African economy will take into the future. We also
acknowledge the great contribution agriculture makes to the national GDP
and we are committed to supporting the sector,” said Jane Mwangi, the
KCB Foundation director.
To further enhance this partnership, KCB Foundation thr
Yesterday, the 15th of April 2016, marks the end of a five day ‘Training of Trainers’ course in Financial Literacy. AgriProFocus in collaboration with GIZ AGRUFIN and The Hunger Project organized this course for her stakeholders under the Innovation Community on Access to Finance with an overall objective of equipping participants with skills in financial, savings, loan, planning for old age and investment management.
The trainers who also primarily train and support rural agricultural producers along different value chains; are influencing behavioral change in personal /financial management and planning matters. This is in bid to build self-assurance in making decisions to one’s financial issues, as well as build confidence of agribusinesses in dealing with financial service providers.
“This training has reminded me of the need to increase my savings in order to prepare and plan for my old age” says Irene Sekamwa Kajoro.
Financial Sector Deepening Zambia (FSDZ) is working on a strategy for promoting financial literacy among small holder and subsistence farmers.
As part of this work we wish to speak to groups of small holder farmers. We (a team from ICE, International Consultants for Entrepreneurship and Enterprise) wish to hold meetings March 12 –21 and then March 29-31st to conduct focus groups with small farmers to identify both FE needs and the best communication channels through which to address them. We are hoping that will consider helping us organise some meetings with your farmer-clients so that we can better understand what types of materials would be most valuable to them.
We would be grateful if you could invite small holder and subsistence farmers to attend some discussions so we can find out what their financial needs are and also how they get information about finance. We are planning meetings of a... Read more
Through the support of the Dutch Good Growth Fund [DDGF], Financial Access have developed a financial platform - FACTS (Financial Access Commerce & Trade
Services). FACTS aims at bridging the so-called ‘Missing Middle’: the working
capital gap of small producers and suppliers who must wait long periods to get
paid for delivered products or services in domestic supply chains.
The investment, divided into a seed capital investment and technical assistance grant in the first instance, will support the launch and roll out of the FACTS financing businesses focused on agricultural supply chains in Kenya and Uganda. For more details click on the press release here
More information about Financial Access http://www.factsafrica.com