Updated Mar 01, 2018

Farmdrive

FarmDrive

Mobile Technology Facilitating Financial Inclusion for Kenyan Farmers

https://farmdrive.co.ke/
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Rita Kimani

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Registered in Kenya.

Focus Areas:

Agriculture, Economic Growth and Trade, Financial Sector & Investment and 4 MoreSEE ALL

Agriculture, Economic Growth and Trade, Financial Sector & Investment, Digital Finance, Digital Inclusion & Connectivity, Data/Analytics and TechnologySEE LESS

Implemented In:

Kenya

KenyaSEE LESS

1
Country Implemented In
Verified Funding
?

Innovation Description

There is a $450-billion financing gap for smallholder farmers. Though agriculture accounts for ~65% of employment and ~32% of GDP, less than 6% of commercial loan recipients are smallholder farmers. FarmDrive uses data analytics and mobile technology to create financial profiles for farmers through a credit scoring model. With these profiles, they are more likely to receive loans from financial institutions.

Milestones

Date Unknown
Created
Date Unknown
New Country Implemented In
Kenya