Agriculture provides livelihoods to many people in developing and emerging economies - especially those living in rural areas. Yet, accessing agricultural finance is often difficult for farmers, as the sector presents several challenges for financial institutions. Being locally based, member-owned organizations, Cooperative Financial Institutions are well-positioned to tackle some of these challenges and fill the existing financing gap. This session highlighted how various stakeholders can interact to finance agriculture, emphasizing the great potential of digitization.
CFIs and Agricultural Finance: Opportunities and Challenges
10 November, 2021