EDFI AgriFI Injects €3 Million More into Alterfin

The renewed investment strengthens our support for SMEs, producer organisations, and rural microfinance institutions across Alterfin’s operating countries. This long-term financing aims to empower 1.49 million smallholder farmers in 40 countries by 2026.

"After 30 years of operations, Alterfin has proven that credit cooperatives can be a catalyst to support smallholder farming in developing countries," emphasizes Rodrigo Madrazo, CEO of EDFI Management Company. "The working capital financing it provides is critical for these organizations to commercialize their products and give market access to farmers."

Fueling Growth and Impact

Jean-Marc Debricon, CEO of Alterfin, expresses sincere appreciation: "We are very grateful to AgriFI and the EU for their support and very pleased with this continued long-term financing."

"This investment reflects the EU's dedication to sustainable development," explains Cristina Vicente Ruiz, AgriFI Program Manager. "By supporting initiatives like Alterfin, we contribute to building resilient and thriving communities worldwide," underscoring the EU's unwavering commitment.

This additional fund reinforces the shared goal of our cooperative and EDFI AgriFI to promote sustainable practices, alleviate poverty, enhance food security, and advance gender equality. Together, Alterfin and EDFI AgriFI cultivate a brighter future for millions, showcasing the transformative power of collaboration towards a more equitable and sustainable world.
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