In 2019, Convergence awarded a design funding grant to the Global Development Incubator (GDI) to establish a financing facility that uses targeted incentives to increase lending from local financial institutions and international lenders to agricultural SMEs.
Today, we are thrilled to see Aceli Africa launch as a new market incentive facility designed to mobilize USD 700 million in lending to agricultural SMEs by 2025, by aligning capital supply and demand.
Visit Aceli Africa to learn more.