This Commercial Agriculture for Smallholders and Agribusiness (CASA) learning brief explains how the programme tailored investment support to unlock private finance for agri-SMEs in Ethiopia, Malawi, Nepal and Rwanda.
Framing agricultural finance as a 'leaky bucket' problem, it shows how CASA applied a market systems approach to address systemic risks and weak investment ecosystems.
Across contexts, CASA combined technical assistance, co-investment and innovative finance models - such as subsidised lending, tripartite finance and blended grants - to strengthen agri-SME investment readiness and crowd in capital.
Working on both enterprise capacity and financial sector innovation, it leveraged £8.7 million in third-party investment and £6.44 million in co-finance while helping embed more sustainable investment facilitation models.