Among the first to benefit are Ethiopian businesses, following an agreement between TDB and Ethiopia’s Enat Bank.
TDB is rolling out to specialist financial institutions in its member countries. It launched its first facility in Zimbabwe in October 2018 and will be expanding it further in the coming months, starting with Burundi and Kenya, and then Zambia and Malawi. The bank has allocated US$3mn to pilot the programme over the next two years in these countries.
Social impact investor Oikocredit continues to surpass the sector average for outreach to female microfinance clients, according to indicators published today in Oikocredit's Social and Environmental Performance Report 2017.
In 2017 almost 90% of clients reached by the microfinance organisations in which Oikocredit invests are women. This compares to an average of 70% for the sector as reported in the latest Symbiotics MIV Survey1, which presents sector data for 2016.
Oikocredit also surpassed the sector average for outreach to female microfinance clients in 2014, 2015 and 2016 when comparing year-on-year with the Symbiotics data for the same period2.
The latest report shows how Oikocredit used over € 980 million to finance almost 750 organisations in 2017, reaching 36 million financial inclusion clients and over half a million farmers.
Oikocredit also saw gains in its renewable energy indi... 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
“Reaching the Informal: the Role of Finance in Improving the Growth and Productivity of SMEs”
The conference will showcase unique perspectives of industry leaders, rich experiences of successful practitioners, and the impactful financial innovations that contribute to improved access to financing for many micro, small and medium sized enterprises from around the world. Under the theme “Reaching the Informal: the Role of Finance in Improving the Growth and Productivity of SMEs”, the forum will explore how innovation in technology, regulation and partnerships can help overcome various informality problems, and open up a far larger market for profitable, sustainable, responsible financial services.
Furthermore, the winners of the Global SME Finance Awards - that recognize outstanding achievements of financial institutions and fintech companies in delivering innovative products and services to their SME clients - will be announced during the event! The deadline for submission of nom... Read more
Many farming households in Sub-Saharan Africa lack access to formal credit and turn to costly coping strategies to make ends meet between harvests, including reduced food consumption, informal borrowing, short-term work on other farms, and selling off assets like livestock. Providing credit, either in the form of food or cash, could allow farming families to increase their food security and agricultural output, as farmers would not be forced to find off-farm income to feed their families between harvests, and would therefore be able to spend additional time applying fertilizer, weeding, or harvesting the crop, which may increase yields. In the long run, this gain in productivity might increase incomes by more than farmers could earn through casual labor.
In Zambia, most of the smallholder farmers depend of the inputs provided by the government under the Farmer Input Support Programme (FISP) which has provide to be inadequa... Read more
The European Union (EU), the International Fund for Agricultural Development (IFAD) and the National Social Security Fund (NSSF) are working together to catalyse investment in the agriculture value chain with the launch today of the Yield Uganda Investment Fund. An initial EUR12mn (UGX46bn) has been made available to provide much needed access to capital for small and medium agri-businesses in Uganda.
This new impact Fund, being arranged by Deloitte Uganda and Pearl Capital Partners Uganda (PCP), is expected to attract additional EUR13mn (UGX49.8bn) by the end of 2017 to reach EUR25mn (UGX95.8bn) in total commitments. Yield is a partnership between public and private investors that will offer innovative and tailored financial solutions, using equity, semi-equity and debt, to about 20 Small and Medium-sized Enterprises (SMEs) having the potential to generate both strong financial returns and significant social impact.
For the full article and
This post is to introduce to you Jinja R.U.D.I Co-operative Savings and Credit Society Limited to Agri-ProFocus Uganda online platform. We are a Small-holder Farmer Cooperative Society currently with a membership of 472. We are based in Jinja - Uganda operating in the rural zones of Jinja District.
The purpose of the Society is to organize small-scale farmers in a production supply cooperative business as a means to position them to have bargaining power and realize higher gains from their produce. The cooperative also endeavors to maintain a desirable level of productivity and a stable flow of money income in poor families through a warehouse inventory credit scheme, let alone improving household food security.
The introduction of farmers’ warehouse system is intended to serve farmers in search of marketing outlets for their produce. The warehouse buys cereal and grain crop produce, processes it and arranges external and domestic markets for them. The village member farmer is thus a
The enormous gap between the supply and demand of formal credit for smallholder farmers is caused, in part, by the extreme lack of information available to lenders on potential borrowers. The lack of information create risks for financial institutions and limits their willingness to lend to smallholder farmers and other “thin file” borrowers in developing countries.
What is it that differentiates the new digital credit models from typical consumer credit options, or even microfinance, which has been around for 40 years?
While digital credit has many of the same considerations as conventionally delivered credit, we hold that there are three key attributes of digital credit that differentiate it from traditional credit products: instant, automated, and remote.
These three attributes, when combined, underscore the power of digital credit and its ability to scale quickly.
For the full blog, please visit the CGAP website through this link.
Please find below the powerpoint presentations used in this session, and a short summary of issues discussed and conclusions. This text is an extract of the full conference report which will be published later today.
Maarten Suzan - Financial Access East Africa, Uganda
Alexis Bizimana - Kenya Commercial Bank, Kenya
Munyaneza Jackson - Urwego Opportunity Bank, Rwanda
- Input finance is risky and borrowing is expensive. Focus needs to be on saving mobilisation in rural areas. This will help to mitigate the risk and borrow less and generate more savings to make yourself less dependent on the bank
- Cold chain supply is challenging for banks to finance (capital expenditure) and currently no solution for this. This is been taken up in dialogue with stakeholders in different fora
- The risks are shared between many stakeholders, not only the bank wh... Read more
9:00 - 10:00 EST - Eastern Standrad Time (USA)
14:00 - 15:00 GMT - Greenwich Mean Time
15:00 - 16:00 CET - Central European Time
Join AgriFin for this month's webinar featuring recent initiatives supported by the World Bank to reform warehouse receipt systems in Africa. The invited speaker, Mr. Jean Saint-Geours, economist at the International Finance Corporation (IFC) will provide a detailed overview of key reform initiatives and how they help facilitate agricultural finance, reduce post-harvest losses, improve the stability of market prices, ensure food security, and stimulate agribusiness development.
Mr. Geours, will discuss the following:
The following news is from Voice of America, and it describes a new report on the involvement of Africa's youth in agriculture, especially in Sub-Saharan Africa. Access to land and credit facility are among the challenges which push away the youth from the sector, as the report indicated. The full report developed by the Alliance for a Green Revolution is also linked in the news below.
A recently released report warns that Africa will not alleviate its chronic food shortages and unemployment unless youth get more involved in agriculture.
The report, "Youth in Agriculture in Sub-Saharan Africa," (http://www.agra.org/silo/files/africa-agriculture-status-report--2015.pdf) was developed by the Alliance for a Green Revolution (http://www.agra.org/), AGRA, an African-led alliance focused on putting farmers at the center of the continent's growing economy.
David Sarfo Ameyaw, the managing editor of t... Read more
This two day event will take place in South Africa- Pretoria and Johannesburg in March 2015.The Credit Management & Debt Recovery tools and techniques that you will learn will help you to reduce credit risk and improve the overall collections process within your organization:-
i)Organize your paperwork and records and make them accurate, accessible and easy to follow
ii) Manage the legal aspects of debt recovery.
iii) Cash Handling and cash flow analysis.
iv)Understand the mindset of customers and how best to collect overdue debts.
Poor management of debtors can cripple growth and could pose a serious threat to the financial health of any organization kindly contact me for more info or to immediate secure a seat(s) at an investment of R 7 999.00 excluding VAT at oliver@envision-int co za