European Microfinance Week 2019

This session illustrated an innovative approach proposed by YAPU Solutions and NpM to agriculture finance for smallholders that includes climate change resiliency as key dimension in risks and process management, products design and adaptation. Technology, tailored services and (geo)data will play the role of key ingredients. As example of actual implementation of such approaches the panel presented the multiplier role played by Ecuadorian network RFD in supporting the IDB EcoMicro project "Agricultural Finance and Smart Data for Climate Change Adaptation"; the second phase of "Microfinance for Eco-system based Adaptation", implemented in 9 countries in the LAC and SSA regions. NpM's programme "Geodata for Inclusive Finance and Food (G4IFF)", looked at the use of geo and agri-based data by FSPs to improve access to finance to smallholders. Apollo Agriculture, one of the winners of NpM's Innovators Challenge, elaborated on their solution which consists of using agronomic machine learning, remote sensing and mobile phones to deliver credit, farm inputs, and advice to farmers.