Innovative Agri Finance Challenge Fund Playbook 2020

The Innovative Agri-Finance Challenge Fund Playbook is a collaborative effort by two fund managers and the respective initiatives, INNOVATE and the Mastercard Foundation Fund for Rural Prosperity, to assist challenge fund managers, implementers, technical assistance providers, donors and other stakeholders in managing challenge funds effectively and improving their future design and implementation.

Lessons from Farming Households: Agricultural Decision Making and Shifting Social Norms for Women’s Economic Empowerment

Household-level agricultural decisions take place within the context of intramarital and familial relationships, the larger community, as well as social norms, beliefs, attitudes and livelihood constraints. These factors can encourage or hinder success in agricultural activities. This paper focuses on how decisions are made within agricultural households around production, including the adoption and uptake of new practices or inputs along with savings, credit and insurance products. The authors also share learnings and recommendations from MEDA’s INNOVATE initiative on the differential impacts of non-traditional finance adoption on women and men within a household.

NTF4Ag: Emerging Lessons and New Frontiers

The INNOVATE final synthesis report brings together key results, insights and lessons from the case studies, pilots and cross-cutting research conducted by MEDA and its partners from 2017-2020 – with the overall goal of learning and documenting experiences of non-traditional finance for catalyzing smallholder agricultural innovation adoption.

Innovation Wallet Learning Project

The Innovation wallet learning project was funded through MEDA and jointly implemented by COIN22 and Dodore Kenya, in partnership with the University of Nairobi. Innovation wallet is a non-traditional finance service which affords financially excluded smallholder farmers the convenience of saving and borrowing, all in a mobile account with restricted funds specifically earmarked for the purchase of inputs for increased productivity and income.

Non-Traditional Financial Services for Smallholder Farmers in Nepal

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.

Product Testing and Diversification of Bidhaa Sasa’s Range of Products Sold on Credit

Bidhaa Sasa is one of the participants of the INNOVATE initiative managed by MEDA which seeks to find practical and non-traditional financial services to scale up the adoption of agricultural innovations among women and men smallholder farmers. Bidhaa Sasa is a last mile finance and distribution company founded in 2015 in Kenya. It helps to increase the quality of life of rural families in Kenya by making household goods, which include farm tools, both affordable and accessible to them and especially to low-income rural women.

Mobile Money and PAYG Innovation to Scale AgTech Adoption in Smallholder Value Chains – Summary Brief

Through INNOVATE, MEDA engaged I-DEV International to implement the project, “Mobile Money & Pay-AsYou-Go (PAYG) Innovation to Scale: AgTech Adoption in the Smallholder Value Chain.” This pilot sought to strengthen farming income and resilience of rural, low-income smallholder farmers in Peru’s Northern Andean region through new drip irrigation systems.

This summary builds on the report produced by I-DEV International in November 2019 titled: Mobile Money & PAYG Innovation to Scale Agtech Adoption in Smallholder Value Chains

Non-Conventional Collaterals to Leverage Innovation Capital for Smallholder Farmers In Bolivia

In March 2018, CIDRE IFD and MEDA signed the agreement for the execution of the project “Non-conventional collaterals to leverage innovation capital for smallholder farmers in Bolivia”. The purpose of the project is to develop, validate and standardize the registration, valuation and monitoring of the assets that have small rural producers and that can be considered and used as non-conventional collateral, as provided by the Bolivian Law 393 on Financial Services. The project has four main components aimed at achieving the stated objective, the fourth and last components are captured in this report: summarize the implementation process and synthesize the results generated during the pilot.