As stated by the IFC, the project will assist agCelerant in strengthening its capacity and to improve partnership with bank partner such as BoA to ultimately scale SHF financing. IFC will focus on areas such as the preparation of the partnership between agCelerant & BoA, support for the acquisition of new farmers and agri-profiling of their crops, support for the deployment and management of the network of agri-agents, support for strengthening the business model and action plan, and strategic support on risk management and development of scoring model.
The objective of this project is to support the development of a new type of partnership between agCelerant -agri-platform (agtech) and BOA, partner bank, to help bridge the significant financing gap for farmers in Senegal. Under such future partnership, the bank would be able to leverage valuable data from agCelerant on their profiled farmers and provide them with loans. Improved banking services for SHFs will drive greater financial inclusion and increased financing for SHFs and will lead to a path for greater food security.
As stated on the company's website, agCelerant™ is the business development platform deployed by MANOBI AFRICA to restructure the African agricultural sector into organized, transparent, efficient and inclusive value chains. It implements an innovative, holistic business model in which smallholder farmers and larger-scale investors are simultaneously accompanied and protected as they empower themselves to respond to growing and changing customer needs.
MANOBI AFRICA orchestrates inclusive value creation inside agricultural chains and drinkable water systems. Headquartered in Mauritius, MANOBI AFRICA has subsidiary or project presence in 14 African countries and early portfolios in Europe. Combining recognized sector expertise with digital solutions and proximal presence,
MANOBI AFRICA transforms agricultural and water services creating economic and social value.
Bank of Africa is a financial institution operating in Senegal. It is part of the BMCE Group.
Clients - Manobi Africa/agCelerant:
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