Aceli Africa is an initiative that addresses the core of AgriFinancing’s own mission which is to contribute to increased lending to the Agricultural sector(s) of Africa.

As Aceli entered its fourth full year of unlocking finance for African agriculture, they shared their Year 3 Learning Report.  This year’s report draws upon insights from 1,567 agriculture loans totaling $152M – more than double the volume captured in Aceli’s Y2 report.

There are indicators that Aceli’s incentives are activating a more competitive and inclusive agri-SME finance market after three years:

• More lenders participating than projected (35 by year-end 2023 and 45+ anticipated for 2024 vs. 20 projected);
• Weighting to lenders domiciled in East Africa (67% of lenders, 90% of loans);
• High capital additionality (63% of loans going to new borrowers vs. 30% projected);
• Strong impact profile of SMEs receiving loans: on track to reach 2.2M farmers & workers by 2025 (40% women).

Read the report here.