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In collaboration with the Swiss Agency for Development and Cooperation and the Luxembourg Agency for Development Cooperation and Humanitarian Action, ADA is launching a new program to support smallholder farmers in Africa, Latin America, and Asia. The Smallholder Safety Net Upscaling Program (SSNUP) will run for ten years and has a budget of \u20ac55 million.<\/p>\n
The program will draw on the technical assistance expertise of impact investment funds to design, test and develop financial and non-financial solutions for the mitigation and transfer of agricultural risks for different actors in value chains.<\/p>\n
With its experience in managing technical assistance programs, the Grameen Cr\u00e9dit Agricole Foundation was selected as one of the impact investors responsible for setting up the SSNUP.<\/p>\n
The Foundation will coordinate technical assistance missions for the organizations it supports \u2013 microfinance institutions and social enterprises \u2013 on various themes such as the development of new financial and non-financial products\/services for small producers, agricultural microinsurance and the digitalization of operations. The SSNUP expands the Foundation's technical assistance offering and represents a tremendous opportunity to strengthen its impact, both with the organizations it supports in Africa and Asia and with the small producers supported by its organizations on the ground.<\/p>\n
In addition to the Foundation, four impact investors have joined SSNUP: Incofin, Oikocredit, responsAbility, and Symbiotics. Other stakeholders will be invited to join the program as it develops.<\/p>\n
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