This International Growth Centre (IGC) evidence review maps the existing body of practitioner and academic evidence on lending to agricultural small and medium-sized enterprises in developing economies and identifies research and learning priorities to fill key gaps.

Evidence is crucial for effective market interventions and policy reforms to mobilise agricultural finance. However, data, practitioner insights, and third-party evaluations are limited when it comes to the agricultural small and medium-sized enterprise (SME) finance sector.

The IGC’s evidence review for agricultural SME finance was conducted in partnership with the Council on Smallholder Agricultural Finance (CSAF), a network of 20 social impact investors that collectively lend US$ 700M+ to agricultural SMEs on an annual basis and come together to share learnings and develop best practices for lending to agricultural SMEs in emerging markets.

Through this project, IGC and CSAF are working together to expand the knowledge base for mobilising additional capital into the agricultural finance sector and steering that capital for greatest impact.

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