We unleash the potential of financial markets for sustainable small and growing businesses in the developing world.
The country’s best economists estimate that 2.5 billion people depend to some extent on agriculture for their livelihood. Thus, unfortunately, statistics indicate that more people who manage agricultural enterprises (small or medium) live on the verge of poverty.
Our team believes that such enterprises have one of the most crucial importance for the economic and social development of emerging markets. They create jobs and provide income generation opportunities for people with low incomes. Small and medium enterprises contribute:
From lack of access to capital and financial services to access to fair market prices for their products, small scale farmers face many challenges. They need an estimated $450 billion in finance every year.
FAST works with our member network to scale up the quality and availability of SME finance and close the ‘financing gap’. That’s one solid step closer to bringing quality sustainable products to market and growing the global economy.
History of FAST
Founded in 2008 with the support of USAID, Root Capital, IISD, Rabobank, Cordaid, ForesTrade and Montreal International, FAST was the first organization to bring financial service providers together to support and grow sustainable trade finance, focusing on agriculture and forestry.
With the support of our main partners, FAST has grown to over 100 member organizations representing key stakeholders in sustainable agriculture worldwide.
Scaling-Up SME Finance
Impact investors are increasingly recognizing the importance of the agriculture and forestry sectors to global sustainable development.
How We Work
We broaden the reach of sustainable SME finance. Our holistic strategy engages a dynamic group of stakeholders and supports them in their respective roles to scale the sector.
We have developed a host of products, services and project models. Together with our members we prepare farmers using education and coaching tools, inform lenders with investment insights and analytics, and provide a platform to connect the two parties.
We partner with our members to help them fulfill their project goals. We work in more than 12 countries in Africa and Latin America.