Coa: a blended finance platform to close the rural financing gap in Mexico

Active

Oaxaca, Chiapas and Yucatán Peninsula (Campeche, Quintana Roo y Yucatán)

2022 – present

Financing

Coa is an initiative designed to expand financing options for small-scale producers and their agro-enterprises in Southeast Mexico, working hand in hand with communities and financial institutions. Our goal is to accelerate positive impact in the agricultural sector by building a more inclusive financial market in Mexico. We envision a future where timely and appropriate capital flows unlock the growth and impact potential of rural agro-enterprises.

Coa was created as a financial platform led by Nuup, with the support of the W.K. Kellogg Foundation and as part of the Sustainable and Prosperous Communities project. The platform is the result of a co-creation process with specialized partners including Aceli Africa, The Nature Conservancy, and Dalberg.

Coa does not provide loans directly. We believe that local financial institutions—those rooted in their regions and committed to local economic development—are best positioned to drive agricultural financing. Coa’s value proposition lies in working closely with these institutions to expand their loan portfolios, not only in the productive activities they already finance but also in new areas they have yet to explore. Our objective is to finance projects led by small-scale producers seeking to adopt regenerative practices. Coa also works closely with agro-SMEs to prepare and guide them through the financing process and strengthen their financial management.

Since 2022, Coa has deployed a suite of financial instruments specifically designed to close the gap between the supply and demand for credit in southeastern Mexico.

WORK AREAS

Origination incentives that compensate financial institutions for the costs of issuing new loans, enabling them to expand both their reach and their coverage.

Liquid guarantees that allow financial intermediaries to approve loans for borrowers with viable and profitable projects but who lack sufficient fixed assets or traditional collateral.

Capacity-building support for financial institutions to design new financial products and hire specialized talent.

Financial strengthening and advisory services for agro-enterprises led by small-scale producers, ensuring they have the knowledge and tools needed to access and make effective use of credit while strengthening their agricultural operations.

IMPACT AND ACHIEVEMENTS

10 accredited financial institutions on the platform (2025)

Origination incentives granted to 98 loans during the first two years, with MXN $191M approved

For every peso invested in incentives, 32 pesos in credit were disbursed

impacto y logros

Financial strengthening program with 26 participating producer organizations (2024)

Support for 3 financial institutions in developing environmental, social, and governance (ESG) strategies

PHOTO GALLERY

Testimonials

DONORS

This project is made possible thanks to the support of the W.K. Kellogg Foundation and others.

PARTNERS

We reimagine
agricultural systems