Non-Traditional Financial Services for Smallholder Farmers in Nepal
Non-Traditional Financial Services for Smallholder Farmers in Nepal

Non-Traditional Financial Services for Smallholder Farmers in Nepal

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In Nepal, smallholders are unable to invest in good commercial opportunities due to a lack of agricultural finance. Despite hazards such as erratic weather, drought, flooding, and pest problems — all made worse by climate change — smallholders cannot obtain crop insurance to mitigate agricultural risk. Under INNOVATE, International Development Enterprises (iDE) led a 20-month pilot project to test the hypothesis that community-managed rural collection centers acting as “business correspondents” on behalf of a commercial bank will profitably increase smallholder access to rural finance and crop insurance and therefore increase uptake of innovative technologies to improve production.