Job Creation and Improving Food Security
Approximately 38% of FDL’s portfolio is concentrated in agriculture. This project will increase the availability of financing to under-served rural and agribusiness sectors, particularly small producers. By scaling up producers, it will contribute to the generation of direct and indirect employment, and through its support of small producers involved in primary agricultural production, the project contributes to enhanced food security.
Strengthening the Supply Chain
Through this project, FDL estimates it will be able to increase the number of micro loans in rural areas of Nicaragua to 80,000 (53% for women) by the end of 2018, and the number of loans to small farmers involved in primary agricultural production to 24,000. FDL will also benefit from IFC sharing global and local microfinance expertise, and its support in the establishment of an environmental and social monitoring system.
Other Development Impacts
This Project complements existing efforts by the Public Sector Window of GAFSP, which awarded a $33.9 million financial package to support small producers, ethnic minorities, and high-potential value chains in the impoverished Caribbean coast region of Nicaragua.