The partnership is dedicated to increasing the financing of small and medium enterprises in the agricultural value chain.
VEON’s Mobilink Microfinance Bank Promotes Financial Inclusion and Supports Farmers with Programmes to Drive Economic Prosperity in Pakistan
The three Mobilink Microfinance Bank initiatives include low-cost 4G handsets for customers bundled with the bank’s digital banking application, e-commerce services for female entrepreneurs, and an agriculture advisory service for farmers in Pakistan.
Under this collaboration, existing or potential customers of the bank looking to purchase a tractor for their farming needs will be able to book a tractor which will be delivered on easy terms and conditions through a quick and hassle-free process.
The second fund aims to finance African rural microfinance institutions and agricultural entities sourcing from small-holder farmers in the continent.
The Food and Agriculture Organization of the United Nations (FAO) Works to Enable Sustainable Private Investment in Agri-Food Systems and Specific Value Chains
The Food and Agriculture Organization of the United Nations deepened its work for attracting and de-risking private-sector investments in agri-food systems, targeting public and private agricultural value chains actors as well as private investors, and piloting its interventions in six African countries.
The scheme is designed to make credit facilities accessible to 90,000 low-income households comprising smallholder farmers and microenterprises in Northeast states of the country.
The step is part of the Central Bank of Egypt’s (CBE) initiative to promote financial inclusion for farmers, on the occasion of Egyptian Farmer’s Day.
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.