E-Agriculture

Posts on the topic "digital loan"

Posts on the topic "digital loan"

  • How robotics and Artificial Intelligence will shape access to finance for Smallholder farmers in East Africa?

    An audio-visual podcast by MicroSave provides an insight into how Artificial Intelligence (AI), Machine Learning (ML) and drone technology have a potential to improve access to finance for smallholder farmers in East Africa. MicroSave is an international financial inclusion consulting firm operating in eleven offices across Asia and Africa. While strengthening the capacity of local institutions, the firm designs and implement market-led solutions for financial services and most importantly designs a variety of financial inclusion models. In the above referred podcast entitled, “ Drones...
  • Webinar: Using Digital Tools to Expand Agricultural Insurance

    In developing countries, there is little smallholder farmers can do to protect themselves from shock. When faced with unexpected volatility, they often turn to negative coping mechanisms like selling assets, reducing meals, or pulling children out of school. To address this, Digital Development for...
  • Esoko, the M-Agri pioneer, will split up in two different companies for better management

    Esoko, the platform that sends market prices and agricultural tips to farmers will soon retire its brand. After having begun with professional tips sent to farmers through SMS, the Esoko team started to explore innovations on mobile finance for smallholder farmers. In November 2016, Esoko developed a mobile commerce platform that allows farmers to save and borrow toward the purchase of inputs and to sell their crops. Two very different products were now developed, and the team started to face the first challenges. "Our limited management resources were being stretched thin and neither...
  • FarmDrive improves access to credit for smallholder farmers

    Over 90% of sub-Saharan Africa’s 48 million smallholder farmers lack access to formal credit. Although agriculture accounts for around 65% of employment and 32% of gross domestic product, less than 6% of commercial loan recipients are smallholder farmers. The problem is on both sides: on the one hand, farmers cannot purchase quality inputs to improve their production, on the other hand, financial institutions cannot provide loans without an accurate assessment of the farmers’ financial viability. Farmers are therefore left with little access to credit, and financial institutions with a hole...