The second fund aims to finance African rural microfinance institutions and agricultural entities sourcing from small-holder farmers in the continent.

Symbiotics has arranged with Samunnati Financial Intermediation & Services Private Limited (“Samunnati”) its first Green Bond whereby the proceeds of $4.6 million in local currency equivalent are fully allocated towards climate smart agriculture.

The investment will help reduce traditional banking costs and improve supply chains boosting financial access, productivity and exports.