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AXiiS is closing the gap with 6 billion (USD) in assets under management ready for SMEs to access finance Today!

Posted By FAST International, Finance Alliance for Sustainable Trade, Wednesday, April 12, 2017
Updated: Thursday, April 13, 2017
https://youtu.be/I4QvUzUwkxQ

About AXiiS:

Unique in its industry, Access and eXchange impact investment for Sustainability (AXiiS), is populated with local Financial Advisors based on their grounded work in the field with agriculture and forestry SMEs in Africa, Latin America and the Caribbean, ensuring sustainable investment ready cases.

Selected SMEs are profiled based on criteria ensuring their investment-readiness, while collecting relevant data on investment in agriculture and forestry sectors. It showcases blind profiles of SMEs and Financial Service Providers to ensure security and to enhance the matchmaking process.

To join or find out more, visit: www.axiis.ca

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Tags:  A Access to Finance  apps4africa  asset finance  banking  capacity development  climate resilience  emerging markets  Environment  environmental impact  finance  Global. Development  India; ANDE members  Investors  Latin America  news  nicaragua  Performance Measurement  Rwanda  Scale  SDGs  SGBs; accelerators; East Africa  SGBs; Environment; accelerators; energy  smaholder farmers  small and growing agrobusiness  smallholder farmers  smes  social impact  supply chain  sustainability  sustainable development  Tanzania  Uganda 

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​Agora Partnerships Launches Application for 2017 Accelerator Cycle 2 Class

Posted By Elysa Neumann, Agora Partnerships, Thursday, March 9, 2017
https://www.youtube.com/watch?v=BKRdMGQbY_Q&feature=youtu.be

 
Agora Partnerships has launched applications for its 2017 Accelerator program.
 
Through its flagship Accelerator program, Agora Partnerships strives to accelerate the shift to a sustainable economy by providing entrepreneurs who are intentionally building businesses that solve social and environmental challenges in Latin America and the Caribbean with the resources they need to grow. Since 2011, 125 companies working in 19 countries in Latin America and the Caribbean have participated in the Agora Accelerator, raising USD $52MM in capital and creating over 5,000 jobs. This year, in solidarity with the United Nations’ Sustainable Development Goals (SDGs), Agora Partnerships is aligning our Accelerator tracks to advance the SDGs.
 
The Accelerator is a 4-month program designed to provide high-potential entrepreneurs with the knowledge, network and access to capital necessary to create system change, through in-depth, personalized, 1:1 consulting; access to the Agora Partnerships’network of mentors, investors, and capital opportunities; and a global community of peers.
 
Agora’s Accelerator program is designed for companies who are solving social and environmental challenges in Latin America and the Caribbean, matching the following criteria: 
 
  • early or growth stage, past proof-of-concept; 
  • currently looking for investment to scale; 
  • legally incorporated as a for-profit structure with basic accounting systems in place; 
  • average annual income of USD $50K to $2MM; and, 
  • with a clear, measurable and sustainable impact.
 
Agora Partnerships looks to work with entrepreneurs who embody the leadership qualities of agency, empathy, curiosity and perseverance.
 
To apply to Agora Partnerships’ 2017 Accelerator click here.
 
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Agora Partnerships is a network committed to leveling the playing field for entrepreneurs by finding innovative ways to drive more human, social, and financial capital to the leaders and ideas that will make our world a better place. To learn morevisit: AgoraPartnerships.org

Tags:  Acceleration  accelerators  Agriculture  Business  Caribbean  central america  energy  Entrepreneurship  Environment  impact  impact investing  impact investment  innovation  Latin America  nicaragua  SGBs; Environment; accelerators; energy  small and growing agrobusiness  social ent  social enterprise  social entrepreneurship  social impact  sustainability  talent  Women 

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Pulling Together to Beat the Middlemen

Posted By Kathryn Ernst, Center for Advancement of Sustainable Enterprise at Colorado State University, Monday, October 13, 2014
 

10/13/14 - This post is written by Armand Tossou, a Fulbright scholar from Benin who is an MBA Candidate in the Global Social and Sustainable Enterprise MBA program at Colorado State University. Armand and his co-founders Aaron and Leana are starting a social venture that will support rural farmers in Nicaragua through increased access to financing and agricultural technologies.

“United we stand, divided we fall” is an old saying which holds true in most smallholder farmers’ daily experience. From lack of technical skills or affordable financing, to increasingly unpredictable climatic cycles, farmers face many challenges. And yet, what of those who navigate this labyrinth only to find that they cannot market their produce profitably at the end of the harvest season? This is typically where middlemen step in and provide a crucial service by purchasing the produce, but often at extortionate rates. In recent field work with my Growing Capital venture we were exploring an affordable financial solution for low income farmers by providing income producing agricultural assets - such as irrigation systems or greenhouses - on a lease to purchase basis. I had a chance to learn from the smallholder farmers of Nicaragua and observe their adaptations to this market challenge.

The stereotypical smallholder farmer

In the small community of San Ramón - a municipality in the Matagalpa department - Don Isael lives alone on his farm in a tiny mud house. He ekes out a living on a two manzana (roughly 1.2 acres) plot of land by growing various crops throughout the year. He can only sell three quarters of the harvest through middlemen or at San Ramon’s market square. Lacking credit from the formal financial system, Don Isael resorts to usurers for loans each season in order to pay for necessities such as seeds and fertilizers. These loans of 2,000 - 3,000 cordobas (approximately $80 - $120 USD) bear interest rates as high as 15% a month.  Don Isael’s challenges are representative of a large percentage of farmers in this region of Nicaragua. Even simple tools to ease the burden, such as a bicycle, are out of reach. In Don Iseal’s own words, “I cannot afford the repair cost when it breaks down.”

A bright spot just a mile away

A couple of steps away, Don Cidar owns a six manzana (roughly 3.5 acres) farm. The contrast is shocking; not only does he own cattle, but in the luxury of their higher quality home Don Cidar enjoys TV with his family. Unlike Don Isael, Don Cidar grows high value perishables such as tomatoes and sweet peppers in three micro-tunnels equipped with irrigation. He supplies two high-end supermarkets located in the capital of the department of Matagalpa. His success is no mystery, and Don Cidar owes it to his affiliation to the UCA San Ramón: a farmers’ cooperative which provides multiple benefits to its members, including credit for agricultural production, technical assistance and, above all, marketing. Through affiliation with the cooperative, Don Cidar and other farmers have solved the distribution puzzle and hence get a fairer price for their produce. Don Cidar’s immediate goal is to expand his business by acquiring more micro-tunnels.

The most uplifting case of all

Of the various cooperatives which I was fortunate to visit during my time in Nicaragua, the success of COPROEXNIC clearly stands above the rest. Incorporated in 1995, it has grown into a 3,000 member organization, and is Nicaragua’s largest exporter of sesame and sole exporter of organic cotton. By selling on the international market under the Fair Trade label, farmers in this network get more for their crops.  The benefits of pulling together into collectively owned organizations such as COPROEXNIC are obvious for smallholder farmers. By selling as larger groups, they not only achieve the huge volume of crops required to enter major commercial contracts, but also avoid getting stuck in the middleman-supported extortionate loan cycle, and increase their bargaining power.

In summary, it is no wonder that the recent Rockefeller Foundation initiative’s report on Reducing Global Food Waste and Spoilage highlights bulking and group marketing in the top 10 potential solutions to help smallholders escape the middleman trap, and thereby better reap the fruits of their efforts. The implementation of this solution however calls for innovative mechanisms to help farmers like Don Isael, who are too impoverished to afford the entrance fees and periodic membership fees required by cooperatives. While that task might look daunting, Growing Capital is committed to giving it a shot.

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Tags:  access to finance  field work  mba  Microfinance  nicaragua 

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