24th – 25th February 2015
FAST Financial Fairs (FFFs) are a core service of the Finance Alliance for Sustainable Trade (FAST) that aim to increase investment flow to small and medium sized enterprises (SMEs) within sustainable agriculture value chains. An FFF consists of a set of strategic one-on-one meetings between preselected sustainable SMEs and socially-oriented Financial Service Providers (FSP). In these meetings, SMEs present their investment cases and financial documentation to selected financial institutions to discuss a potential business opportunity. Following these meetings, further discussions and negotiations between the parties may or may not occur. FAST monitors and follows up on these discussions to identify the impact of the events.
Since the first FFF, which was held in Honduras in 2010, FAST has hosted 9 FFF events bringing together SMEs and FSPs from over a dozen countries at events in Bolivia, Costa Rica, Honduras, Kenya, Nicaragua, Peru, and Tanzania. Several Fairs have also targeted key sectors in different regions like coffee and forestry.
The first seven Fairs have facilitated approximately $38 million USD in funding for agricultural SMEs. Results are still being collected from the 2 most recent FFFs.
The next FFF is scheduled to be in Tanzania over February 24th and 25th 2015. It will follow a process through which FAST has pre-selected local agricultural SMEs, and has strengthen their financial management skills through training and a target coaching, as well as outreaching FSPs highlighting the potential of investment in the local agricultural sector.
If you are interested in being considered for participation in the upcoming FFF, please contact FAST Project Manager Ainina Aidara ([email protected]) for more details on criteria and the selection process.