INNOVATE - Adoption of Agricultural Innovations through Non-Traditional Financial Services

MEDA’s INNOVATE includes 10 projects that assess the potential of non-traditional finance to encourage small holder farmers in South America, South Asia, and East Africa to adopt agricultural innovation. Learn more about INNOVATE’s projects and implementing partners.

Awarded Projects

Bangladesh: CARE Bangladesh

Engagement of Financial Institutions for Farmers

CARE Bangladesh and Krishi Utsho seek to use a non-traditional financing mechanism to increase the capacity of last mile farmers and women who are often excluded from formal market systems. The mechanism will improve and sustain the farm productivity of smallholder farmers while protecting their productive assets (i.e. livestock) by giving them access to timely credit, savings, and insurance.


Bolivia: CIDRE IFD

Non-Conventional Collateral to Leverage Innovation Capital for Smallholder Farmers in Bolivia

CIDRE, in partnership with BDP, will pilot an innovative scheme for the registration and management of non-conventional collateral and develop a nation-wide registration system. If successful, this project will enable over $500 million in new capital lending operations to become available through financial services for smallholder farmers in Bolivia.

Kenya: Bidhaa Sasa

Lessons Learned from Marketing and Selling Household Goods on Credit Through a Tupperware-Style Distribution Model Centred on Women Groups’ Leaders in Rural Kenya

Bidhaa Sasa will test whether its distribution and finance model works will enable rural women farmers to adopt agricultural tools and goods. If successful, this project will assist Bidhaa Sasa to expand its current agricultural offerings, from canvases and dry grain to other goods, such as water pumps, storage bags, wheelbarrows, and chicken incubators.

Kenya: COIN22 and Dodore Kenya Ltd.

Innovation-Wallet Learning Project

COIN22, Dodore, and the University of Nairobi will test if smallholder farmers in Kenya are interested to open a mobile Innovation-wallet account to save  and borrow funds. These funds will be specifically restricted for purchases that will help them increase their agriculture production and income.

Malawi: Agronomy Technology Limited

A Case Study of the Chithumba Model, a Non-Traditional Finance Mechanism to Improve Access to Farm Inputs

Agronomy Technology Limited will field test an existing contract-based farming model called “Chithumba” based on access to: quality inputs (seeds and inoculant), quality extension services, and fair markets. The case study will capture lessons from past and current seasons to further analyze and understand how to maximize the impacts of the model.

Nepal: iDE Nepal

Community Managed Access to Finance

iDE Nepal, in partnership with Muktinath Bank, will pilot a new model of finance to reach rural farmers by utilizing an extensive network of community aggregation centers, technical support, and product sales agents who will manage and distribute agricultural loans. In order to appropriately support uptake and the security of agricultural loans, this initiative will be partnered with a pilot crop insurance program to protect the farmers’ investments and finance.

Pakistan: Pakistan Microfinance Network

Warehouse Receipt Financing: Tackling the Financial Needs of Small holder Farmers

Pakistan Microfinance Network (PMN) will study a Warehouse Receipt Financing pilot introduced by the State Bank of Pakistan to address credit issues in agriculture with medium and large farmers. PMN will identify opportunities and challenges to implement the WRF model for women and men smallholder farmers in Pakistan.

Peru: Global Canopy

Green Agricultural Credit in Peru: Early Stage Lessons

Global Canopy seeks to build capacity and understanding of financial institutions that provide rural credit to smallholders on viable conditions of finance to incentivize the use of credit by smallholders for sustainable agriculture. The case study will enable financial institutions to design green credit products that are appropriate and attractive to smallholders.

Peru: I-DEV International

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

I-DEV International will execute the project in alliance with the Cooperative of Tara Producers of the North (APT-N) and Peru Digital Payments (PDP) to pilot the proposed solution: to leverage mobile money and pay-as-you-go (PAYG) to scale the adoption of affordable precision irrigation technologies among smallholder Tara farmers.

Rwanda: World Relief

Agriculture for Life: Village Savings and Loans Associations (VSLAs) and Adoption of Improved Agricultural Innovations

World Relief will develop a case study to analyze the Village Savings and Loans Associations (VSLA) model and linkage to
smallholder farmers (mostly women) adopting improved agricultural inputs and innovations in Farmer Field Schools. 


This program was undertaken with the financial support of the International Development Research Centre.