Context:
In Malawi, agricultural entrepreneurs in particular have hardly any access to appropriate financial services. Climate risks, fluctuating yields and high production costs make it difficult for them to invest in seed, technology or irrigation systems. In particular women, young people and people with disabilities are affected by this situation. At the same time, financial institutions lack tried and tested business models for agriculture-specific financial products. This prevents farms from realising their potential, which weakens national food security and rural development.
Objective:
The framework conditions for gender-equitable, inclusive agricultural financing have been improved so that women agribusiness owners can invest independently, better manage risks and increase income in the long term.
Approach:
The project focuses on three measures.
- It improves the technical and institutional skills of banks, microfinance institutions and credit and savings cooperatives through customised and standardised training courses. In this way, they can develop innovative and inclusive credit and savings solutions that are tailored to the target group and are economically viable.
- It also trains agri-based entrepreneurs in basic financial education and entrepreneurial skills so that they can successfully utilise these services.
- It also promotes dialogue between the financial sector, policymakers and civil society in order to create a supportive environment.
In all its activities, the project particularly caters to women, young people and people with disabilities.