In 2017 aBi contracted Financial Access (East Africa) Ltd to conduct and validate value chain analyses for the specific value chains of maize, coffee, rice, sunflower, sesame and chilli, and to deliver training on agricultural value chain financing to 150 of aBi’s partner Financial Institutions (FIs) staff including; Credit Officers, Credit Administrators, and Branch Managers. The main objective of this study aimed at identifying financing gaps and therefore, it is our hope that the findings of this study will culminate into innovative product development within your respective institutions and the sector at large. In order to drive innovative productive development and facilitate implementation of the learnings from this study, there was need of buy-in of the top management of these Financial Institutions.
aBi held a breakfast meeting to share the outcomes of the study with Top Management and Heads of Product Development from aBi partner FIs at Kampala Serena Hotel on 29th March 2018. The specific objectives for this breakfast were:
- To make the business case for agricultural value chain finance for Financial Institutions drawing on findings from analysis of 6 value chains;
- To share possible entry points for FIs in agricultural value chain finance (and how to adapt bank structure and operations to the VCF model; and
- To present aBi product range and financing opportunities for VCF
The expected outcomes were:
- To establish new partnerships for new product development for agriculture value chain financing; and
- Enhance the appreciation of all stakeholders for the need to engage in agricultural value chain financing in Uganda.