There are more than 50 million smallholder farmers in Africa, most of whom are struggling to make a living due to lack of capital to improve their farming activities. Meanwhile, financial institutions are making loans to small businesses but less than 1% of those loans are to smallholder farmers creating a global funding gap of over $450 billion to agriculture. This is a needless tragedy for the farmers involved. On the other hand, the lenders do not have access to well-designed, affordable solutions to help identify and manage their risks, as traditional credit assessment tools used by these financial institutions are simply not built to work for smallholder farmers. As risk limits the activities of lenders, There is a limited access to credit for small holder farmers.
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