Bamboo Capital Partners reposted this
The Agri-Business Capital (ABC) Fund invested EUR€1.1m in MiCreditoYa Microfinanciera SAS, a leading Microfinance Institution operating in #Colombia. ABC Fund’s investment will help MiCreditoYa enhance its ability to support rural communities and small-scale farmers, including women and young people in the country. The agribusiness activities that MiCreditoYa funds include a diverse range of crop and livestock farming. Specifically, loans are provided for vegetable – including onions and potatoes – and fruit farming, cereal production, and coffee cultivation. On livestock farming, the MiCreditoYa funding is directed towards dairy farming, cattle breeding and guinea pig farming. The ABC Fund is a blended finance impact fund which was initiated by the International Fund for Agricultural Development (IFAD) in partnership with and with funding from the #EuropeanUnion, the Secretariat of the Organisation of African, Caribbean and Pacific States (OACPS), the #Luxembourg Government and AGRA. IFAD made an investment in the Fund thanks to the financial support from the Swiss Agency for Development and Cooperation. In 2022, Bank of America invested in the ABC Fund, becoming the first corporate global financial institution to invest in the Fund. The ABC Fund is managed by Bamboo Capital Partners in partnership with Injaro Investments Limited as investment advisor. #smallholderfarmers #impactinvesting #blendedfinance #SDG2
