A partnership to reinforce the "climate smart finance"
Family agriculture in Africa represents most of the agricultural production in the continent. This kind of agriculture is particularly affected by climate change. Rural microfinance institutions (MFIs) must adapt their practices to implement new ways to manage theirs and the clients’ risks.
To face this challenge, the Grameen Crédit Agricole Foundation and YAPU, a German social Fintech company, jointed forces to support the MFIs in digitalising their operations and updating their information systems by integrating climatic risks.
In November 2017, the Grameen Cédit Agricole Foundation and YAPU signed a cooperation agreement to develop services in the field of Climate-smart finance. This approach aims at integrating climate-related risks in the financial institutions’ products and services. By adopting this approach, the MFIs will be able to further develop viable and climate change resilient economic activities, which will contribute to the preservation and restoration of ecosystems.
Two projects will be launched in 2018 as part of this partnership.