Aceli began its partnership with 60 Decibels (60dB) in 2021 to understand the impact of the loans it supports on small and medium enterprises (SMEs), farmers, and employees. Aceli believes that access to finance at the SME level will support improved operations that generate benefits for both farmers and workers.
This October 2023 Aggregate Impact Snapshot presents insights from surveys conducted by 60dB with 63 SME representatives working with 6 financial institutions in Kenya and Tanzania. Key insights include:
- With support from Aceli’s incentives, lenders are serving SMEs that had not borrowed from financial institutions before, or that lack access to alternative financing of a similar caliber
- SME representatives are overall satisfied with their loan and likely to recommend it to other SMEs
- Financing is helping SMEs improve operations, increase revenue, better serve more farmers, and improve their range of services offered
The next publication (to be released mid-2024) will explore Aceli’s impact in greater detail. It will share findings from farmer and employee experience surveys conducted pre-