Multinational - De-Risking Agricultural Finance Project for Smallholder Farmers (DAFS)

Project Summary

Approval Date 05 Jun 2019
Signature Date 29 Jul 2019
Planned Completion Date 30 Jun 2022
Sovereign / Non-Sovereign Sovereign
Sector Agriculture and Rural Development
DAC Sector Code 31110
Commitment U.A 697,543.65
Status Implementation

Project General Description

The De-risking Agricultural Finance to Smallholder Farmers (DAFS) project is proposed to support activities that will facilitate access to credit by smallholder farmers and enhance their engagement with agricultural value chains. The initiative will pilot and upscale a climate insurance technology to facilitate the development of comprehensive de-risking financing mechanisms in 4 pilot countries (Tanzania, Ghana, Uganda and Zimbabwe). Four inter-linked components are proposed for the project: (i) research and development of the WINnERS computer technology, focusing on improving the accuracy of risk estimation; (ii) development of blended credit guarantee and insurance products in each country; (iii) capacity building of the key institutions partnering in each of the target countries to ensure adoption and up-scalability of the technology and products introduced; and (iv) management and coordination of project activities, stakeholders, technical experts. The initiative will support key financial institutions in target countries to integrate the new technology that will facilitate agricultural insurance and inputs credit to smallholder farmers whilst linking them to the market sustainably. DAFS will minimize disruptions in agricultural supply chains that are caused by climate-related events such as drought, and unlock investments at scale. It is to be implemented over three (3) years with co-financing of complementary activities by key partners. Total cost of implementing the pilot is USD 3.58 million, including USD 980,000 from FAPA Trust Fund.

Project Objectives

The overall goal of DAFS is to enhance access to finance by smallholder farmers and promote their participation in crop value chains. The DAFS project will: (i) promote crop insurance to smallholder farmers by minimizing climate related supply chain disruptions; and (ii) improve financing and investment to the agricultural sector through credit guarantee schemes.


The targeted primary beneficiaries of DAFS are smallholder farmers and their respective farmer organizations in four countries. It is expected that secondary beneficiaries of the project will include the banking and insurance sectors, national credit guarantee agencies, national and regional data and ICT sector in each of the four countries.

Participating Organization

Fund for African Private Sector Assistance


IATI identifier 46002-P-Z1-AA0-124
Last Update 30 Nov 2022


Contact Details


Geographic Location

Country Multinational
Coordinates Location Name
8.1 -1.2 Ghana
0.31628 32.5822 Kampala
5.55602 -0.1969 Accra