Key facts
- Implementing Partner:
Proparco
- Guarantee volume:
up to €68 million
- Global Gateway areas of partnership:
Climate and Energy
- Sectors:
Micro, small and medium sized enterprises (MSMEs), agriculture
- Geographical focus:
Sub-Saharan Africa and European Neighbourhood
- Type of support provided:
Financing, Technical assistance
- Types of investments:
credit lines to local financial institutions who provide access to finance to MSMEs
- Investment period:
closed – no further investments can be covered
- Technical assistance:
up to €4 million
Description
AgreenFi aims to mitigate the high risks in lending to MSMEs in Sub-Saharan Africa and the EU Neighbourhood. It facilitates access to finance and/or makes borrowing money more affordable for small businesses operating in agriculture, located in rural areas.
The guarantee enables local financial institutions to provide affordable credit to small businesses and producers, supported by Proparco who provides operational support and advice to local banks, to increase their capacity to lend to MSMEs. As a result, farms and small businesses will gain easier access to business loans and other financial services. It will also help create or support a considerable number of jobs.
In addition, local banks and other financial institutions will be better able to measure risk, provide appropriate financial products to agricultural producers and small businesses in rural areas and implement environmental and social procedures.
How can businesses and investors get involved?
If you are a business representative or an investor with an interest in this guarantee program, we recommend getting in touch directly with Proparco.
Contact: vindelb
afd [dot] fr (vindelb[at]afd[dot]fr)
About Proparco
Proparco is the private sector financing arm of French Development Bank (AFD). It has been promoting sustainable economic, social and environmental development for over 45 years. Proparco provides funding and support to both businesses and financial institutions in Africa, Asia, Latin America and the Middle East. Its action focuses on the key development sectors: infrastructure, mainly for renewable energies, agribusiness, financial institutions, health and education.