The Agri-Business Capital (ABC) Fund today announces an investment of EUR€1.1m in MiCreditoYa Microfinanciera SAS, a leading Microfinance Institution operating in the Nariño department in the South West of Colombia. ABC Fund’s investment will help MiCreditoYa enhance its ability to support rural communities and small-scale farmers, including women and young people.

The agribusiness activities MiCreditoYa funds include a diverse range of crop and livestock farming. Specifically, loans are provided for vegetable – including onions and potatoes – and fruit farming, cereal production, and coffee cultivation. On livestock farming, the MiCreditoYa funding is directed towards dairy farming, cattle breeding and guinea pig farming. Additionally, a smaller portion of the funding supports aquaculture. These loans are tailored to meet the seasonal and cyclical needs of these activities with an average tenure standing at 17 months, ensuring that small-scale farmers have access to the necessary capital to sustain and grow their operations throughout the agricultural cycle.