Mexico, Bolivia, Honduras, El Salvador, Guatemala, Haiti
Local project partner
German project partner
15.11.2021 - 30.06.2022
The Covid-19 pandemic has a strong impact on smallholder farmers and their organizations, presenting them with several new challenges, including: Difficulties for agricultural producers in accessing resources and raw materials for food production, limited transport and marketing of products, and more difficult access to financial services (including insurance and technological support). The project therefore targets 9,000 households as direct beneficiaries.
The priority target groups are: (1) vulnerable households highly affected by Covid-19, and (2) particularly vulnerable groups such as women, young people, and indigenous people.
The overall objective of the project is to help agricultural micro and small enterprises recover faster and better from the impacts of Covid-19 by strengthening the availability and quality of technology-based solutions that enable them to better access markets, financial services, and non-financial services.
To achieve this goal, the project pursues the strengthening of the ecosystem of financial and non-financial services for smallholder farmers offered by Agritech/ FinTech companies (start-ups and MSMEs) in Latin America and the Caribbean.
By increasing access to financial services through this, it will contribute to food security, income generation, and increased socio-economic resilience of rural populations and producers.
The specific project objectives are:
- Agritech and fintech companies with improved business models include the IFAD target group in their outreach and operations.
- Effective deployment of tailored financial and non-financial services to small agribusinesses within the IFAD portfolio is provided through strategic partnerships with selected AgriTech and FinTech companies.
For more information: Spanish project webpage