Africa’s First Climate Credit Facility for Agriculture Launches in Kenya
Africa’s first climate adaptation credit facility for agriculture, ADAPTA, has launched with USD 1.5 million in funding from the Bill & Melinda Gates Foundation for Phase I in Kenya.
ADAPTA will develop and test an innovative loan underwriting platform that incorporates agricultural technologies and climate-smart agriculture.
ADAPTA plans to use climate scoring algorithms to transform how banks and investors assess agricultural risk to unlock financing for farmers and Agri-SMEs. These innovations will be developed in partnership with the Alliance of Bioversity International and CIAT, part of the CGIAR, the largest global network on agriculture research.
Photo courtesy of C.Schubert.