Country
Mexico

Local Project Partners
7 Cajas Populares (Sparkassen),
Financiamiento Progresemos,
Acreimex (MFIs),
SADER,
CNBV,
Universidad de Guadalajara,
Incluirtec,
Vergor,
Siembro,
IMIX,
Conecta,
FIRA (agricultural Development Bank)

German Project Partner
n.n.

Donor
German Federal Ministry for Economic Cooperation and Development (BMZ)

Duration
31.08.2016 - 30.09.2022

Mexico is the second largest economy in Latin America. Currently, Mexico produces only 53% of the food needed in the country itself. The poor food supply is among other factors related to low productivity and profitability in the agricultural sector, low technologization and a lack of innovation. It is important for small farms and agricultural businesses to have access to appropriate financial products.

The overall objective of the project is to strengthen the agricultural sector and promote rural development in Mexico by offering adequate financial services, considering new technologies, in order to provide more stable income to the low-income, rural population, farms and MSEs, as well as to improve food security.

The specific project objective is to expand access to and active use of credit products for the rural target groups - small agricultural producers and MSMEs. This will be achieved through the adaptation of existing credit products and the development of new ones, and in particular through the use of innovative technologies by the partner financial institutions. 

Project Tasks

• Further development of the credit analysis tool for agricultural loans into cloud-based software 
• Promote collaborations between fintechs/agrotechs and partner financial institutions
• Developing a digital platform for rural and agricultural insurance
• Develop an entrepreneurial education/advisory program based on analysis of agri-food supply chain challenges for smallholder farmers