Feed the Future Partnership for Sustainable Supply Chains Quarterly Performance Report for USAID

Agency for International Development (USAID) Bureau for Resilience and Food Security (RFS). The program is supported by USAID, Keurig Dr Pepper (KDP), and Ezrah Charitable Trust, and is implemented by Root Capital. The primary objective of PSSC is to provide technical assistance and training to agricultural small and growing businesses (SGBs) in developing countries, with a focus on building resilience and improving business continuity in the face of economic and social challenges. PSSC has three main objectives: ensuring business continuity and resilience through adapted advisory services, addressing enterprise cash flow constraints through a flexible grant mechanism, and providing debt relief to facilitate patient terms, interest rate relief, and debt forgiveness. The program has reached a total of 62 enterprises across all interventions and objectives, with some receiving more than one intervention. Forty-five enterprises have received USAID-supported technical advisory services, 20 enterprises received a KDP-supported COVID-19 Resilience Grant, and three enterprises have received support via the Debt Relief Fund. In the second quarter of FY23, Root Capital supported 27 SGBs with tailored Business Management Advisory (BMA) services, including eight in Ghana, four in Honduras, three in Indonesia, three in Nicaragua, and nine in Peru. Technical assistance during this quarter primarily focused on Workplan Development, Accounting and Taxation, Governance, and Strategic Planning, with additional training on Internal Controls. Women accounted for 40 percent of all technical advisory service participants, with 198 women participating in the program. The program has made significant progress in achieving its objectives, with 72 percent of participating SGBs maintaining or increasing their financial fundamentals scores compared to the previous year. The capacity of agribusiness to prepare for and respond to shocks, risks, and stresses has also improved, with 45 firms receiving USG-funded technical assistance for improving business performance. The value of annual sales of producers and firms receiving USG assistance has also increased, with a total of $174,253,232 in sales reported in FY23. Root Capital has also made progress in implementing the Debt Relief Fund, with $80,866 in debt relief provided to enterprises to help mitigate the economic impact of COVID-19. The program has also increased access to finance for private sector enterprises, with 37 total enterprises receiving increased access to finance by the end of Year 2. The program has been successful in reaching a diverse range of SGBs across different countries, with a total of 62 enterprises reached across all interventions and objectives. The program has also been successful in providing technical assistance and training to SGBs, with 45 enterprises receiving USAID-supported technical advisory services and 20 enterprises receiving a KDP-supported COVID-19 Resilience Grant. The program has also made progress in implementing the Debt Relief Fund, with $80,866 in debt relief provided to enterprises to help mitigate the economic impact of COVID-19. Overall, the PSSC program has made significant progress in achieving its objectives and has been successful in providing technical assistance and training to SGBs in developing countries. The program has also increased access to finance for private sector enterprises and has provided debt relief to help mitigate the economic impact of COVID-19.