Updated Mar 01, 2018

FarmDrive

Mobile Technology Facilitating Financial Inclusion for Kenyan Farmers

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

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Snapshot

Focus Areas:

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

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

Sep 2017
Recognition ReceivedVERIFIED
Featured Innovator
Jul 2017
Date Unknown
Created
Date Unknown
New Country Implemented In
Kenya