USAID Honduras Alianza para el Corredor Seco
Through relationships with major players in the Honduran financial industry, Fintrac helps farmers access lines of credit they would not be able to receive otherwise. By providing ongoing training and technical assistance to smallholders, we help them improve productivity and incomes to make them more attractive borrowers and promote long-term relationships with lenders. Over the last three years, more than 5,100 small-scale farmers have accessed more than $5.9 million in financing thanks to project support.
Feed the Future Zimbabwe Livestock Development
In Zimbabwe, Fintrac is engaging simultaneously with smallholders and insurance providers to foster mutually beneficial relationships. We train farmers in basic business skills, emphasizing the value of livestock insurance, while working with banks and microfinance institutions to show the potential for expansion into the smallholder farmer market.
Feed the Future Tanzania Mboga na Matunda
Since its inception in 2017, our Mboga na Matunda program has worked with local nongovernmental organizations, the private sector, local government authorities, and civil society organizations to provide goods and services to farmers, including access to critical financial services.
Feed the Future Partnering for Innovation
Musoni, a digital-based microfinance institution in Kenya known for its high-touch customer service, has developed a loan software platform with support from our Feed the Future Partnering for Innovation program. Through the new platform, Musoni has made its loan processes more efficient and has disbursed 16,826 agricultural loans valued at nearly $6.5 million to smallholder farmers. This has helped make it a strong competitor against other financial institutions despite comparable interest rates and a difficult-to-reach customer base.
Feed the Future Ethiopia Value Chain Activity
The activity supports a range of agribusiness companies to access loans through USAID’s Development Credit Authority loan portfolio, which provides a loan guarantee to banks and financial institutions to incentivize lending to underserved borrowers such as smallholder farmers.
Feed the Future Enabling Environment for Food Security
After an extensive analysis of the barriers to expanding access to credit and index insurance in the livestock sub-sector in Mali, the EEFS team made several key recommendations to address identified challenges. Recommendations include strengthening the commercial viability of livestock value chain; working with banks to expand lending to livestock sector; developing domestic feed production; and supporting further research in livestock insurance.
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