Root Capital Secures $50 Million from OPIC to Lend to Smallholder Farmers

This article provides coverage of the need for financing for smallholder farmers in Latin America and Africa, highlighting how Root Capital just secured a $50 million lending facility from the Overseas Private Investment Corporation (OPIC) to help address this gap in the market. The article references a new report that “estimates an annual unmet demand for finance of $150 billion among smallholder farmers in Sub-Saharan Africa, Latin America and South and Southeast Asia.” Social lenders such as Root Capital play a key role in the space, preparing farmer organizations for access to formal capital markets.