Madagascar : risks and successes of agricultural microcredit
Access to agricultural credit and microcredit is still a problem in many Southern countries. In Madagascar, innovative solutions such as digital microfinance and agricultural micro-insurance are being developed to support farmers.
Access to agricultural credit and microcredit continues to pose problems in many Southern countries, especially for the most vulnerable smallholdings. In Madagascar, the lack of rural infrastructure, high poverty level, and frequency of climate hazards (droughts, floods) further complicate the country’s agricultural development. Innovative solutions are, however, being developed. They include digital microfinance or agricultural micro-insurance based on meteorological data. These innovations particularly interest Serge Rajaonarison, Chief Executive Officer of the Caisse d’Epargne et de Crédit Agricole Mutuels de Madagascar (CECAM).