E-trade & digital solutions for producer organisations and community banks

The project AGRIdigitalización leverages the experience, know-how, tools and models of digital finance services, e-trade and technology providers towards the rural poor in Latin America and the Caribbean. Financed by the International Fund for Agricultural Development (IFAD) and implemented by Agriterra in alliance with Agros International, the Foundation for Rural Business Development (Funder) and the Inter-American Institute for Cooperation on Agriculture (IICA), AGRidigitalización seeks e-commerce and digital solutions to overcome the increasing obstacles for farmers to access market and financing due to the consequences of the Covid-19 pandemic.

Thanks to this US$ 2.4 million dollars project -US$ 2.3 million IFAD grant and US$ 100,000 Agriterra contribution-, 86 producer organisations will be able to market their products and 132 rural savings cooperatives will be able to offer their financial services through digital platforms. The project will also benefit SMEs of young internet experts with a presence in rural areas, who will provide services to producer organisations and rural savings cooperatives. In addition, 3,000 farmers will receive virtual technical assistance and training in internal remote communication systems. In total, it is estimated that 10,820 family farmers, 40% of them women, and 30% of them young people, will benefit directly from the project.

The organisations participating in the project will achieve greater efficiency thanks to better time management, lower operating and transportation costs, access to new business opportunities, financial inclusion and better communication. They will acquire the ability to supply agricultural products and access production inputs in e-commerce environments, as well as to establish partnerships with companies already present in digital value chains and to have access to financial services through virtual systems.

AGRIdigitalización will be implemented in Bolivia, Guatemala, Haiti, Honduras and Peru, although lessons learnt in the rollout of this project will be applied to other IFAD-funded projects in Latin America and the Caribbean region.

10 820 family farmers, at least 40% women and 30% young people.

1,5 year, ends on June 30, 2022.

More information about AGRIdigitalización:

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