The impact of the COVID-19 pandemic on food producing Small and Medium Enterprises (SMEs) and farmer groups in sub-Saharan Africa, has been profound. Several reports show that SMEs and farmer groups are greatly affected in a variety of ways, ranging from availability of raw materials to a drop in consumer demand. Because of this, many face short-term financial constraints and are unable to neither pre-finance the purchase of goods, nor repay outstanding loans. These financial challenges might mean the end of operations for many of these vulnerable SMEs, and consequently the potential end of their involvement in the 2SCALE program.
In order to support its partners involved in agribusiness value chains, to mobilize funds from their own networks during this difficult period, 2SCALE is launching its very first crowdfunding website. This new platform, is an opportunity to support the business of Micro, Small and Medium Enterprises (MSMEs) within the various partnerships.