Fostering peer-to-peer learning on how to attend to the demand for finance of smallholder farmers in Latin America and Caribbean region

Fostering peer-to-peer learning on how to attend to the demand for finance of smallholder farmers in Latin America and Caribbean region

2016/12/07

Learn more about the seminar organised by Incofin IM on innovative financial products and services to better serve the agricultural and rural sectors in LAC region

The one-day learning event “Successful Models for Financing the Agricultural Sector – Insights from Latin America and the Caribbean (LAC) region” was held in Montego Bay, Jamaica on the 27th of October 2016, in conjunction with the FOROMIC Conference.

Organised by Incofin IM under the Rural Finance Partnership Programme and with the patronage of the Multilateral Investment Fund (MIF), the seminar addressed an audience composed of leaders from the region’s MFIs and microfinance service providers.

Fifty-two participants joined in the learning event.  They represented twenty-two financial service providers located in 12 different countries: Bolivia, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Haiti, Honduras, Nicaragua, Panama, Paraguay and Peru as well as donors’ representatives, investors and private service providers attended the event.

Aware that over 270 million smallholder farmers around the world require more than USD 200 billion in financing to grow their businesses and improve their livelihoods[1], financial service providers need to find smart solutions to serve this segment and tap into this high-potential market. Innovative models and strategies are required to meet the financing needs of a large population of smallholder farmers, as are models to increase the penetration of savings, insurance and mobile banking, allowing the financial sector to mitigate risks and expand financial inclusion.

The learning event was an opportunity for microfinance practitioners in the LAC region to accelerate learning and share best practises on how to better serve smallholder farmers and rural entrepreneurs.

The agenda was organised around three learning tracks, where 10 different speakers presented their experience and perspective on:

·        Value Chain Finance - The importance of a systemic approach to serve all the actors involved in agricultural value chains.

·        Climate Smart Agriculture - How to be more resilient and mitigate the effects of climate change on agricultural production and agricultural financing.

·        Alternative Distribution Channels and Technological Innovations – how to expand the frontiers of financial inclusion in rural and remote areas.

In the first quarter 2017, a Toolkit from the event will be published, which will provide access to the case studies, best practices and experiences presented during the learning event. For further reference to the Agenda of the event, panellists and the case studies presented please visit the following link: https://issuu.com/forito2016incofin


[1] Dalberg Global Development Advisors (2015), “Inflection Point. Unlocking growth in the era of farmer finance”. Rural and Agriculture Finance Learning Lab.

 

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