Meeting the working capital needs of Africa’s agricultural enterprises
With rapid population growth and urbanization leading to unprecedented demand for food, Africa’s agriculture sector is struggling to access the capital needed for sustainable growth.
LAFCo endeavors to serve the day-to-day working capital needs of agricultural businesses, particularly those operating in staple food crop value chains.
Improve rural livelihoods
Enhance food and nutritional security
Catalyze a financial market to benefit smallholder farmers
WHICH BUSINESSES CAN QUALIFY FOR A LOAN?
LAFCo lends to agricultural SMEs that work directly with smallholder farmers, and which have constrained access to working capital. Eligible LAFCo borrowers could include the following:
- Agro-dealers or input providers
- Traders, distributors, exporters
- Logistics providers
- Other agricultural businesses
- Primary focus on agricultural SMEs working in food crop value chains, advancing local food security
- Secondary focus on SMEs working in cash crops for overseas export market
LAFCo TARGET COUNTRIES
- Burkina Faso
- The Democratic Republic of Congo
- Côte d’Ivoire
This list will continue to grow as LAFCo explores opportunities to extend financing in other countries in Sub Saharan Africa. Prospective countries include Burundi, Cameroon, Madagascar, Malawi and Sierra Leone.
LAFCo MANAGED BY BARAK FUND MANAGEMENT
Barak Fund Management, launched in 2008, has built up a track record of 10 years in African alternative credit financing and to date has provided funding of over US$4bn to a variety of SME businesses in more than 30 countries across the continent.