Commitment to Action

Financing for 2000 Smallholder Farmers in South Africa

Commitment by

Agri Academy South Africa

In 2015, building from its existing clustering initiative that assists over 900 smallholder farmers, the South African Agri Academy and its local and international funding partners committed to implementing an innovative financing model that will facilitate access to affordable development finance for semi-commercial smallholder farmers. The model will offer farmers comprehensive financial services such as short-term interest free loans, micro insurance, and savings products through electronically equipped cluster offices. Combined with a comprehensive capacity building program, the model will contribute to 1097 full time employment opportunities for rural small holder farmers and enable them to increase turnover by approximately 30% and ultimately, to become more sustainable businesses. Additionally, the project particularity seeks to improve access to financial services for female smallholders.

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Overview
Summary

Commitment

Financing for 2000 Smallholder Farmers in South Africa

Launched

2015

Est. Duration

3 years

Estimated Total Value

$2,500,000

Region

Africa

Countries

SOUTH AFRICA

Commitment by

Agri Academy South Africa

Partner(s) of the Commitment Maker(s)

Masisizane Fund, Landbank, Netafim (South Africa), GlobalGap International, Sakata, AgriSeta