How CASA and Palm Capital are working together
Project title: Facilitating access to working capital finance for smallholder farmers
Piloted implementation and facilitated scale-up (subject to the success of the pilot) of a smallholder inputs financing model
Palm Capital will provide input credit to 1,000 contracted farmers by directly paying suppliers of fingerlings and feed. After delivery of the inputs, Viphya Chambo will support farmers to manage the production process through provision of the necessary technical and extension coaching. At harvest time, Viphya Chambo will buy the aggregated fish for onward supply to its urban market
CASA work complete: to be confirmed
Total cost of technical assistance package: £88,738 (£44,960 provided by CASA)
£88,000
third-party financing
1,000 fish farmers
contracted and trained
£152 additional income
for each fish outgrower
Business Investment Opportunity
Palm Capital intends to increase its customer base using the current loan programme as a blueprint for loan extension to farmers in the agriculture sector as a whole