The African Fertilizer Financing Mechanism (AFFM) seeks to improve agricultural productivity ultimately by increasing the use of fertilizer. Carnegie Consult was commissioned by the African Development Bank to assess the feasibility for a credit guarantee and to design the set-up of a credit guarantee fund to facilitate access to credit for fertilizer importers, distributors and agro-dealers. This assignment included desk research, market-scoping, benchmark, interviews, financial modelling and developing a fund blueprint.