African Center for Economic Transformation
room Castle Road, Ghana
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Promoting Improved Production Technologies Among Smallholder Farmers in Ghana Via Interlinked Credit and Index Insurance Contracts

IATI Identifier:

Published on IATI
  • date_range Sep 30, 2014 - Aug 30, 2017
  • autorenew Closed (Status)

This study was a 3-year program of research, outreach, and education designed to promote use of index insurance to expand access to credit and increase adoption of improved production practices among African smallholders in the Northern region of Ghana. ACET conducted Randomized Control Trials (RCT) to test whether index insurance backed contingent credit can reduce impact of widespread agricultural loan defaults in the wake of adverse systemic events, allowing lenders to expand access to credit among smallholders and reduce interest rates. The work entailed coordination of 300 farmer based organizations, 12 rural banks, and one insurance company. The study found that index-insured agricultural loans increased access to credit for smallholder farmers, which enabled the adoption of more productive agricultural technologies.

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Sectors:
  • Agricultural research

Participating Organisations

USAID International NGO Funding
African Center for Economic Transformation Regional NGO Implementing

Transaction

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Budget

70,162 USD
  • 70,162 USD (Valued at Mar 29, 2018)
    date_range Jan 01, 2017 - Aug 30, 2017
access_time Updated on Oct 01, 2019 14:04:31