Support to Benin’s National Agricultural Development Fund (FNDA) through the improvement of internal processes and technical assistance to partner financial institutions in enhancing their agricultural finance strategies, products, and procedures
As part of its strategy to support the agricultural sector, the Government of Benin established the National Agricultural Development Fund (FNDA) in 2017 to promote agricultural financing in the country.
The FNDA has been selected by KfW as a key partner to strengthen access to finance for private actors in Benin’s agricultural sector — with a particular focus on women and on promoting green investment financing.
KfW’s support takes the form of a funding, as well as technical assistance provided to the FNDA and its partner institutions. This assistance includes cross-cutting studies designed to facilitate financing for target agricultural value chains, women entrepreneurs, and environmentally sustainable investments.
HORUS, in consortium with IPC, is implementing the Technical Assistance component for the FNDA and its partner financial institutions (banks and microfinance institutions). The aim is to help them adapt their strategies and enhance their capacity to better address the financing needs of the agricultural sector.
The services provided by HORUS include the following activities:
Support to the FNDA:
- Strategic, institutional, and operational assessment of the FNDA, in particular a review of the products and services offered to partner financial institutions and the related processes;.
- Strengthening of the FNDA’s information system;
- Review of the range of products offered by the FNDA’s refinancing window to partner financial institutions;
- Review of the procedures and processes of the FNDA’s refinancing window;
Support to partner financial institutions:
- Assessment of the technical assistance needs of partner financial institutions;
- Coordination and implementation of technical assistance for partner institutions, with a particular focus on agricultural credit, green finance, and the financing of women in agriculture;
- Strengthening of partner institutions’ information systems and support for the digitalization of selected institutions;
- Study on financing for the rice value chain.