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Blog » IFC Supported Warehouse Receipt Financing System Launched in Ethiopia

IFC Supported Warehouse Receipt Financing System Launched in Ethiopia

Created Feb 03 2020, 1:35 PM by Fotios Stravoravdis

IFC supported Warehouse Receipt Financing system launched at the Ethiopia Commodity Exchange in partnership with Commercial Bank of Ethiopia on December 26, 2019. The system is set to transform the agricultural value chain particularly that of maize through the provision of short term financing using the commodity brought to warehouse as collateral.  This system enables mostly farmers and farmer associations as well as small scale rural commodity aggregators to get access to finance which otherwise was unavailable due to their low ‘credit worthiness’ in the standard banking practices.