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The facility will primarily provide a lending framework for local financial institutions with experience in agricultural lending. Technical assistance is envisaged to increase the agricultural lending capacity of financial intermediaries and support farmers in efficient and sustainable farm management and development including diversification of their income base.
The overarching goal of the facility is poverty reduction, by strengthening the productivity and income base of smallholders who are the key engine of rural development. The development potential will be unlocked by (i) enhancing access to credits and (ii) promotion of sustainable agriculture and value addition. The ACP Smallholder Facility will also create valuable employment opportunities in many poor countries in Africa.
The promoter will be required to ensure compliance of their investment with the standards established in the EIB environmental and social handbook which is based on the principles of EU legislation as appropriated.
They are not affected by the public procurement procedures as foreseen in the EIB's Guide for Procurement.