SIF wanted to investigate if its unique lending model serving missing middle Agri-SMEs could be replicated to other East African countries.
Context
The SME Impact Fund (“SIF”) is an impact-first Fund that addresses an underserved segment of agricultural SMEs in Tanzania and in doing so accelerates progress towards achieving a region free of poverty and hunger.
Challenge
After successfully gaining extensive experience in financing and supporting Agri-SMEs in food commodities in Tanzania, SIF had the ambition to grow its fund-size through scaling operations and outreach by expanding to other East African countries. To make informed decisions, market scoping and research was required on selected countries.
Solution
To assess the effective demand for small ticket, local currency loans to small and medium size agri-businesses in Kenya and Uganda a comprehensive market feasibility study was conducted.