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Support Agricultural Financial System in Colombia (PASAC)

Credit: DID

Cooperative Development Organisation

Implementing Partners and Organisations

Global Affairs Canada

Period of Implementation

January 2015 - December 2020

Geographic scope

Americas: Colombia


$ 14,656,386
€ 13 958 463


Bilateral Aid: Global Affairs Canada


Agriculture & Fisheries, Banking & Financial Services, Rural Development

Type of Activity

Governance and Organizational Strengthening, Legal and Regulatory framework, Networking, Technical Assistance & Advisory, Training & Capacity Building


March 2020 marked the end of a major project for DID: the Supporting the Agricultural Financial System in Colombia project (PASAC). Launched in 2014, PASAC mobilized some of the largest entities in the Colombian agricultural sector, including the FINAGRO agricultural development fund and the Banco Agrario de Colombia agricultural state bank. Through PASAC, not only has DID helped local financial institutions adopt a more efficient credit methodology, but it has also influenced the implementation of new public policies centred on the financial inclusion of agricultural producers. The project also contributed to the financial literacy of thousands of farmers, the majority of whom are women, and supported the development of post-conflict zones. PASAC in figures: 1) 40 financial institutions were supported and 3,500 finance professionals (50% women) were trained on better credit methodologies 2) 12,000 microentrepreneurs benefited from rural micro credit lines created by participating cooperatives and 136,000 farm loans were granted to 80,000 farmers 3) 15,000 farmers (57% women) received some financial education 4) A mobile application, DECISION, was developed to facilitate the work of credit officers, no matter where they are 5) An agro-economic database condensing production costs, yields and production cycles associated with several agricultural sectors was developed.

Project Objectives

To provide agricultural and rural financial sector technical support so that institutions can better meet the needs of farmers, farmers' associations and owners of a rural microenterprise.

Impact on SDGs

SDG1 - No Poverty
SDG2 - Zero Hunger
SDG5 - Gender Equality
SDG8 - Decent Work and Economic Growth
SDG13 - Climate Action

Direct beneficiaries

Organisations: 40

Individuals: 100000

Local stakeholders


Key Tags

Entrepreneurship, Food Security, Gender