by James Stevenson -

MICROCAPITAL BRIEF: Stanbic Bank Uganda, IFAD Seek to Reduce Costs of Remittances via FlexiPay E-wallet, Encourage Adoption via SACCOs

Kampala-based Stanbic Bank Uganda and the UN International Fund for Agricultural Development (IFAD) have announced a partnership with the goal of reducing the cost of remittances to Uganda from other countries. In particular, the aim is to

by Hasnat Aslam -

MICROCAPITAL BRIEF: IFAD Lends Soafiary $3.6m to Boost Direct Sourcing from Smallholder Farmers in Madagascar

The UN’s International Fund for Agricultural Development (IFAD) recently extended a loan of EUR 3.5 million (USD 3.6 million) to Soafiary, an agribusiness in Madagascar, to support the firm’s effort to “grow sustainably and reorient [its] business model, by increasing from 30 to 70 percent its direct sourcing from small-scale farmers,” potentially increasing grower incomes by

by Hasnat Aslam -

MICROCAPITAL BRIEF: IFAD Lends India’s Uttarakhand State $105m for Rural Enterprise Acceleration Project (REAP) to Address Incomes, Climate Resilience, Out-migration

The government of the northern Indian state of Uttarakhand and the UN’s International Fund for Agricultural Development (IFAD) recently partnered to launch the Rural Enterprise Acceleration Project (REAP) with the objective of reaching 560,000 households by “supporting smallholder farmers, agricultural laborers, and micro and small agribusinesses to start and expand competitive businesses” including by

by Sophie Fiala -

MICROCAPITAL BRIEF: IFAD Private Sector Financing Programme to Support Rural Businesses, Launching with $5m Loan to Babban Gona, Facilitator of Agriculture in Nigeria

The UN’s International Fund for Agricultural Development (IFAD) recently launched the Private Sector Financing Programme (PSFP) to support rural businesses; combat hunger, poverty and climate change; and promote the inclusion and empowerment of vulnerable groups in poor countries. The program will issue

by Kate Finster -

MICROCAPITAL BRIEF: AFD Loans $356m to IFAD to Assist Rural Farmers in Developing Sustainable Agriculture, Accessing Microfinance, Fighting Hunger, Responding to Climate Change, Enduring COVID-19 Pandemic

Agence Française de Développement (AFD), the overseas development agency of the French government, recently loaned EUR 300 million (USD 356 million) to the UN’s International Fund for Agricultural Development (IFAD) to assist small-scale rural farmers in developing nations. The funds are intended for managing natural resources,

by Nathan Kiplagat -

MICROCAPITAL BRIEF: Ethiopia, IFAD Focus 3rd Phase of Rural Financial Intermediation Programme (RUFIP) on Supporting Farmers Through Climate Change, COVID-19 Pandemic

The government of Ethiopia and the UN’s International Fund for Agricultural Development (IFAD) recently launched a program with a budget of USD 306 million to support farmers that have been negatively impacted by recurrent droughts and the COVID-19 pandemic. This third phase of the Rural Financial Intermediation Programme (RUFIP 3),

by Eugene DeCosse -

MICROCAPITAL BRIEF: International Fund for Agricultural Development (IFAD) Launches Rural Enterprise Finance Project (REFP) to Expand Mobile Banking, Financial Literacy Training in Mozambique

The UN’s International Fund for Agricultural Development (IFAD) recently launched the Rural Enterprise Finance Project (REFP), aimed at improving access to national and regional markets for people in rural Mozambique. The project includes elements such as