The SSNUP program:
Coordinated by ADA, the SSNUP program aims to boost the productivity of small-scale farmers in Asia, Africa and Latin America by improving risk management and developing sustainable agricultural value chains. Financed by Luxembourg, Switzerland and Liechtenstein, the program aims to improve the living conditions and food security of over 10 million small-scale producers. The Grameen Crédit Agricole Foundation is one of the impact investors implementing the project.
A high-impact agricultural project in the Philippines:
Agriculture is a crucial part of the Philippine economy, employing 24% of the workforce and contributing 8.9% to GDP in 2022. Despite its importance, the sector faces significant challenges linked to climate change and extreme weather events. This project aims to address these challenges by providing financial stability and support to small-scale farmers growing products such as eggplant, beans, okra, squash, carrots, cauliflower, cabbage, peppers, cucumbers, tomatoes, onions and lettuce.
Agronomika, is a financial institution created by Kennemer in 2016, a partner of the Foundation, to facilitate access to financing for small producers. With a portfolio of 3.4 million euros, Agronomika serves more than 1,000 customers and offers products such as agricultural establishment loans and micro and small business loans. This new project will extend its reach and impact, focusing on the specific needs of small-scale farmers.
Agronomika has received a grant from SSNUP, which will introduce a new loan product designed for small-scale farmers and provide training to ensure successful implementation. The project places a strong emphasis on the integration of women, and aims to ensure that at least 80% of beneficiaries are women.
By giving small-scale farmers better financial tools and knowledge, this project aims to improve their productivity, resilience and overall livelihoods, thus contributing to a more sustainable and inclusive agricultural sector in the Philippines.