A webinar on “Financing agribusinesses amid COVID-19”
The webinar featured conversations with representatives from both the demand and supply sides who revealed the situation on the ground. Participants explored the challenges that MSMEs in the agriculture sector grapple with as they seek finance during the pandemic. After this, a panel of experts brainstormed how governments, donors, and financial service providers can support these entrepreneurs to build back better.
The key themes for discussion were:
- Tuning into voices from the ground to gauge the impact of COVID-19 on MSMEs, women, and youth—to enable agriculture finance stakeholders to place theory into action;
- Innovation, coping mechanisms, and case studies of agriculture finance;
- Challenges that MSMEs in the agriculture sector grapple with as they seek finance during the pandemic;
- The role of key stakeholders, such as governments, donors, and financial service providers, in aiding a post-COVID recovery.
Click on the timestamps from the webinar stream to hear specific segments. You can also click on the image below to experience the complete webinar.
16:01– 18:54 Daniel Musyoka—CEO and Managing Director, Biofarms Limited contributes to question 1. Paint for a picture of how business was like before COVID-19 and how it compares to the situation today
24:16 –29:41 Immaculate Ochieno—Lending Manager – East Africa, Shared Interest Society Ltd. gives her perspective from the supply-side on question 2: How did the disruptions caused by COVID-19 affect your access to finance?
30:21–33:31 Dr. Patrick Gathondu—CEO, BIMAS Kenya Microfinance Limited, also shares his perspective from the supply side on question 2: How did the disruptions caused by COVID-19 affect your access to finance?
Question 1) I wonder if lenders, such as funders, could be flexible with the terms of repayment of loans? In other words, did you have space to renegotiate the lending terms with your lenders?
Question 2) In the future, how do the financers ensure that agribusinesses are financed despite challenges around lack of guarantors or inappropriate guarantees?
Question 3) Are export-oriented crops the only ones that are financeable?
Question 4) What are the key variables one needs to consider from a business perspective given the impact of the pandemic?
1:21:50 – 1:26:54 John Kashangaki responds to Question 2: What interventions can development actors or governments undertake or are undertaking to address the adverse effects of COVID-19? How can these opportunities be exploited?
1:27:25 – 1:30:08 Juliet Ongwae gives her perspective on Question 2: What interventions can development actors or governments undertake or are undertaking to address the adverse effects of COVID-19? How can these opportunities be exploited?