Updated Jan 16, 2018

Financing Models for Small-Scale Farming Technology Adoption Among the Rural Poor

Martin on pump on farm

Martin Fisher

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Snapshot

Stage 2: Research & Development

KickStart is conducting a large-scale randomized trial in Kenya to determine the effectiveness of these two financing programs in increasing irrigation pump adoption.

Focus Areas:

Agriculture, Economic Growth and Trade, Gender and 3 MoreSEE MORE

Agriculture, Economic Growth and Trade, Gender, Digital Finance, Research and Social and Behavior ChangeSEE LESS

Implemented In:

Kenya

KenyaSEE LESS

1
Country Implemented In

Innovation Description

KickStart has developed two financing mechanisms to increase access to their income-generating, small-scale irrigation pumps. The first, “Mobile Layaway,” enables a farmer to easily save up to purchase a pump by making small payments through a mobile phone through the M-Pesa platform. The second, “Rent-to-Own,” enables farmers to receive a pump after just an initial down payment, put the pump to use immediately and make regular rental payments toward pump ownership.

Milestones

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