Banking institutions have introduced collateral-free lending products, expanded access to financial education and training, and embraced mobile technology to expand access to their services among smallholder farmers
Financing innovations such as impact investment, crowdsourcing, and mobile money are helping to sustain and expand Africa’s agricultural sector and provide opportunities for the continent’s smallholder farmers.
Adopting suitable policies that support the growth of the agricultural sector, giving access to markets and finance to smallholder farmers, and increasing productivity via the use of modern farming techniques is essential to unlocking Africa’s trade potential through agriculture.
By giving farmers access to funds for increased output, technological advancements, and business expansion, agricultural financing is an essential factor in the growth and development of African economies.