Drawing upon data and insights from the portfolios of 12 financial institutions, the Council on Smallholder Agricultural Finance (CSAF) publishes its “State of the Sector 2019” Report.
Following a five-year period of growth, Incofin Investment Management and the 11 other CSAF members more than doubled from $345M in 2013 to $716M in 2017, topline loan disbursements declined in 2018 for the first time since CSAF began collecting data in 2013. This just-released “State of the Sector” Report examines how lenders have responded to increased risk in their portfolios after a period of growth and diversification, and shares the outlook on what is required to expand the finance market for agricultural SMEs and align market growth with social and environmental impact.