Newco Farmer Fin

Proposed investment consists of funding and risk mitigation to KCB Bank Rwanda Ltd to support farmer cooperatives in Eastern Rwanda that will supply maize and soybeans to a nutritious food processing plant to be established in the Country. Financing to farmers will be used for seasonal working capital needs such as input costs (seeds, fertilizers), land preparation, weeding, harvesting, etc. As part of the Project, farmer coops will be supported through a comprehensive technical assistance package to be provided by IFC. More than 12,000 smallholder farmers are expected to benefit from this Project through higher productivity levels, better crop quality and lower post-harvest losses, and therefore higher and more stable revenue stream. The proposed financing package will be supported by the Private Sector Window of the Global Agriculture and Food Security Program (“GAFSP”). GAFSP funding plays a catalytic role to create opportunity to support innovative private sector investments and deliver a level of additionality and impact beyond what is possible through IFC’s regular operations.