Oikocredit’s Post

Last night, in key stakeholders engagement meeting, a managing director of one of the big Cooperatives in South Africa was asked why they don't offer credit in the form of overdrafts and working capital facilities. The response was interesting, to say the least. The managing director explained that: “As much as we might hate to admit it, lending irresponsibly, as other coops have done, is a big reason why the Land and Agricultural Development Bank of South Africa is in the position it is in today. It ultimately cannibalizes your business.” It's refreshing to hear a different perspective on lending practices. What do you think? #lendingpractices #SouthAfrica #agriculture

At #Birguid, we are driven by #actionableinsights and #impactfuladvice, aiming to be part of the solution. Over the past year, we’ve conducted extensive research and strategy development in agriculture and agro-processing, leading us to uncover an opportunity that could significantly advance South Africa’s agro-processing sector while improving outcomes for rural and smallholder farmers. We've spent the better part of the year sharing a business plan, investment teaser, and investor memorandum to support the development of a sustainable avocado oil processing facility in South Africa. However, raising funds, even for the pre-feasibility stage, has proven more challenging than expected. This is a project I’m determined to see come to life. I’m sharing the public version of our investment teaser for your thoughts and feedback. the dti (Department of Trade and Industry: Republic of South Africa), Development Bank of Southern Africa (DBSA), USAID, Private Financing Advisory Network (PFAN), Mastercard Foundation, National Empowerment Fund, Landbank . S.A., African Development Bank Group, East African Development Bank, Trade and Development Bank Group - TDB Group, Africa Finance Corporation, AgDevCo, – a potential opportunity for development? #ActionableResearch #ImpactfulAdvice #SustainableAgroProcessing #DevelopmentFinance #Avocadooil #Birguid

Alongside Tetteh Ayitevie , Arthur Mukembo and Jonan Kisakye ACII ACSI I’m pleased to have been part of this recent roundtable discussion on fostering digital financial inclusion beyond payments, with a lens on insurance. This event was a collaborative effort between the Insurance Regulatory Authority of Uganda ,the UGANDA INSURERS ASSOCIATION , the Bank of Uganda and United Nations Capital Development Fund (UNCDF) . #Financialinclusion #Insurtech #Digitalfinance #embeddedfinance

The #reality of #financialinclusion in #subsaharanAfricancountries… A used clothes retailer in a #Douala market. #Cameroon… He just need to cross the road to open an account in a branch in front of his small shop but he prefer to register for 3 informal saving initiatives which are very expensive for him with a collector who can dissapear at any moment.... they are many in the same situation( other retailers, small scale farmers…) Enough to say that the market remains open for a real financial and economic inclusion… #Informalsector, #empowerment #business #accessfinance UN Capital Development Fund (UNCDF) International Fund for Agricultural Development (IFAD)

Last week our partner Hofokam MFI, one of the oldest and largest microfinance institutions serving the rural poor in Western Uganda, launched a #WASH Loan product. Our WASH Finance Manager, Leonard Obuna Nangila, explained why we partner with Hofokam : “Enhancing Commercial Financing access to WASH enterprises and households in rural areas requires close collaboration between Government, Financial Institutions and Development Partners to build capacity and de-risk the sector. Through our Partnership with Hofokam MFI, Aqua for All is committed to empowering communities with sustainable, safe drinking water and dignified sanitation”.   For greater impact, Hofokam will pursue a value chain financing approach, targeting actors in both water and sanitation value chains. Hofokam will intentionally target serving actors encompassing entrepreneurs, masons, hardware dealers, households, institutions and producers in related value chains like agriculture. Such an approach will actualise and accelerate financial inclusion in Mid-Western Uganda. Read more: https://bit.ly/3V1K6rw Oikocredit | Uganda Water and Sanitation Network (UWASNET) | Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH | Charles Isingoma | Dorren Kakyo #value #water #sanitation #loan #finance #rural #inclusion #impact #uganda

In this panel discussion yesterday around #foodsecurity in Africa, Wilson Irungu, Fund Grants Lead, explained how high-growth potential SMEs, if well supported financially and with other interventions, can play a significant part in building resilient food systems in Africa. SMEs like these, that are in a position to create work opportunities for young people at scale can apply to the Agribusiness Challenge Fund now open. Visit www.frp.org #MAA24

Financial institutions face many challenges when lending to the missing middle, particularly those in more volatile, loose agricultural value chains. Some external factors, like wars, climate shocks, and the business environment, are often beyond their control. Read more about how the SME Impact Fund used four vital ingredients to scale up lending to the "missing middle" in the agriculture sector.

Under the IDH Cocoaperation Programme, Financial Access and LendXS are currently interacting with 6 cocoa farmer cooperatives in the #Duekoue region of Cote d’Ivoire, with our partners Sucden and Proterrain Infos, to improve smallholder access to formal credit. In this first phase of the program, we have used our Data2Deal methodology to generate credit risk scores for up to 5,000 pre-selected cocoa farmers in the region. The most creditworthy farmers are linked to our financial services partner UNACOOPEC CI to obtain input financing for the 2024 cocoa season. Stay tuned for more updates as LendXS and Financial Access continue their combined efforts to accelerate rural financial inclusion whilst enabling sustainable cocoa production in Cote d’Ivoire. #cocoacredit #agrifinance #smallholderfinance #financialinclusion #financialaccess #cocoaperation #ruralcredit #lendxs

📰Excellent AllAfrica Global Media article from Farai Shawn Matiashe highlighting that the #LossAndDamage Fund needs $400 billion USD a year to meet the needs of counties like Malawi and how a sub goal under the New Collective Quantified Goal (#NCQG) on #ClimateFinance can help fill the Fund. 🔗 Read it here: https://lnkd.in/eQkpTcNV

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