Thinkpiece

Fixing leaky buckets: how CASA tailored agri-SME investment support

February 20263 pages Asia: South Africa: East, South & Central Ethiopia Malawi Nepal Rwanda Agriculture Download as PDF (404.4 KB) CASA: Commercial Agriculture …
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CASA programme

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.