Access to finance for agricultural businesses by Sombreiro Kapital Ltd/Gte (SK) is an initiative pioneered by the Foundation For Partnership Initiatives in the Niger Delta (PIND) and MADE, which offers numerous benefits that contribute to the sustainable economic development and empowerment of smallholder farmers and SMEs in the Niger Delta region. This innovative financing model,…
Smallholder farmers and MSMEs in the Niger Delta encounter difficulty getting funds from financial institutions because of several factors. These factors include inappropriate financial products for the agricultural value chains; perceived low productivity and competitiveness in financing the sectors; and the perceived risk associated with agricultural financing.
PIND’s approach to improving access to funds for smallholder farmers and MSMEs entails developing new, inclusive financial models built around the peculiarities of the agricultural and agro-allied sectors. To qualify for the funds and loans from commercial banks, MFBs, and equity investors, we encouraged a crop of BSPs (business service providers) to support smallholder farmers and MSMEs.
The MSME development and linkages project is a strategic initiative designed to help build relationships amongst actors in the micro, small, and medium enterprises (MSME) landscape to ensure optimal productivity and increased income for enterprises. It strengthens platforms that enable MSMEs to access quality business support services, market and funding opportunities which enable the enterprises…
This section shows key achievements in Quarter 3 of 2020 for the initiative implemented under the Sombreiro Kapital. Sombreiro Kapital was set up as a sustainable corporate enterprise to facilitate access to finance innovations for smallholder farmers in the Niger Delta using a market system approach. The intervention model is aimed at encouraging sustainable lending…
On September 19, 2017, Foundation for Partnership Initiatives in the Niger Delta (PIND) in partnership with the National Institute for Oil Palm Research (NIFOR) organized a forum for palm oil stakeholders to share the results of adopting improved harvesting technology, and link oil palm farmers, harvesters & processors to finance for adopting harvesting technologies. ‘Improving…