The Netherlands Development Finance Company, a public-private bank also known by its Dutch acronym FMO, recently provided a convertible grant – meaning FMO can acquire equity in the firm at no further cost, depending on its future success – in the amount of EUR 500,000 (USD 586,000) to Milan InnoVincy (MI), a Netherlands-based consultant to smallholder farmers, primarily in Rwanda
Tag: Agriculture
MICROFINANCE EVENT: Africa Innovation Summit (AIS); June 6 – 8, 2018: Kigali, Rwanda
Summary of Event: The theme of this conference is facilitating development in Africa by empowering entrepreneurs across the continent. The topics include Challenges and Opportunities for Innovation in Africa; Building a Resilient and Competitive Economy for Africa’s Future; 21st Century African Cities; Financing and Scaling up
MICROCAPITAL BRIEF: Cameroon Cooperative Credit Union League (CamCCUL) Members to Access Agricultural Credit Facilitation Fund of Projet d’Appui au Développement de la Microfinance Rurale (PADMIR)
Nine financial cooperatives associated with the Cameroon Cooperative Credit Union League (CamCCUL), a network of 208 financial institutions that also provides financial services directly to the public, have met the requirements to access the Agricultural Credit Facilitation Fund of Projet d’Appui au Développement de la Microfinance Rurale (PADMIR), a Cameroon-based investor in microfinance institutions (MFIs).
MICROCAPITAL BRIEF: Agricultural Mobile Applications in Kenya Increase Market Information for Farmers
Kenyan farmers are using mobile agriculture applications to improve market information such as M-Farm, iCow, Kilimo Salama, M-Pesa and M-Shwari. These agri-technological innovations aim to offer either increased transparency or the extension of financial services to farmers.