GFA Consulting Group services
Financial Systems Development
Agriculture and rural finance
Agriculture is one of the most important economic sectors and the largest employer in the global south. Three out of four poor people in developing countries live in rural areas, and most of them depend directly or indirectly on agriculture for their livelihood. Agricultural development remains the main catalyst for economic progression, employment creation, food security and poverty reduction. Despite its crucial importance for most developing economies, agricultural productivity and investment into agriculture remain at low levels, mainly due to limited access to financial services. Without access to formal finance for improved technology and inputs many farmers and agricultural enterprises remain stuck in low investment and low return production cycles. Appropriate financial instruments used at the right time could stimulate greater efficiency, improve product quality and consequently increase the incomes of the rural population.