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ayoubb

'Cassava Smartech initiative way to go' | The Herald - 0 views

  • Michael Tome Business Reporter Lands, Agriculture, Water, Climate and Rural Resettlement Ministry says it highly upholds technological innovations that seek to develop agriculture productivity.This follows advances made by Cassava Smartech’s EcoFarmer to digitally enhance farming tips through mobile platform, which is a one-stop solution platform that gives farming tips, location-specific weather updates, weekly agriculture commodity market prices and financial services.
    • ayoubb
       
      CASSAVA
mehdi-ezzaoui

Data, fintech services boost MTN Nigeria in half-year | ITWeb Africa - 1 views

  • MTN, Africa’s biggest mobile carrier, has continued to weather COVID-19 pressures in Nigeria, recording double-digit growth in data revenue and fintech services in the six months ending June.
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    The pandemic weighted benefit for the time, says MTN Nigeria, but it has sustained double-digit sales.
chaimaa-rachid

WorldCover, an insurtech battling the effects of climate change - 0 views

  • WorldCover is applying insurtech solutions to climate change—a challenging global problem. Using satellite data, on-ground sensing and innovative risk modeling, the company developed a climate and weather-linked insurance product. Today, WorldCover supports and protects farmers within developing countries, who are faced with some of the worst droughts in the world due to climate change.
    • tahaemsd
       
      Worldcover's platform uses satellite data and remote sensor technology to monitor rainfall, price risk and trigger claims quickly
  • “It’s about using insurance to get rid of risk for these farmers and unlock opportunities for them,” Chris says. He says that research found that for farmers who received insurance (rather than cash grants) borrowed and invested more in their farms.
kenzabenessalah

FarmDrive: Connecting farmers to financing | Mercy Corps - 0 views

  • While financial inclusion in the country has increased, many farmers remain excluded. Limited financing for farmers is due, in part, to a lack of available credible risk-assessment information for financial institutions. Many small farmers are unbanked and off the financial grid, without credit profiles to verify or back up details on their annual income, business expenses or yields.
    • tahaemsd
       
      Without thiis information, farmers are left with little to no access to financial services, while lenders miss out on the opportunity to build their client base and agricultural loan portfolios.
  • FarmDrive generates real-time credit reports for small farmers, allowing them to access loans from financial institutions and agricultural input providers via mobile phone. 
  • FarmDrive collects expense and revenue data from farmers via SMS and combines it with satellite imaging, remote sensing technology and alternative data points (e.g., soil analysis, weather forecasts) to create detailed yield estimates and assess credit risk.
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  • FarmDrive overlaps our focus areas of agriculture and financial inclusion, empowering the world’s most vulnerable farmers with the digital financial services they need to strengthen and improve their livelihoods. 
    • mehdibella
       
      FarmDrive collects expense and revenue data from farmers and combines it with satellite imaging, remote sensing technology and alternative data points to create detailed yield estimates and assess credit risk.
  • We’ve connected FarmDrive to various partners and expertise to help them scale, as its usage increases in other developing markets in sub-Saharan Africa. 
  • Reports allow credit providers to make informed lending decisions and easily reach rural clients, expanding access to financing for small farmers. As a result, farmers have greater control over their livelihoods – equipped with what they need to increase their crop yields, improve their incomes and invest their additional revenue back into their families and communities.
    • kenza_abdelhaq
       
      FarmDrive collects data from farmers using different technologies which allows the company to generate farmers' credit reports which allow loan providers to make informed decisions and therefore give more access to financing to small farmers.
  • Since, FarmDrive has reached hundreds of farmers with its suite of financial services, credit reports and financing options, with a particular focus on serving women and youth farmers typically neglected by the formal financial system.
    • kenzabenessalah
       
      The focus that FarmDrive has on serving women is essential to keep in mind. We must dig deep as to why they are being neglected by the financial system and make sure that they never get fooled by them in the future.
  • In Kenya, most small farmers — around 7.5 million — lack access to small loans to help them buy what they need to improve their production and make the most of their land – things like quality fertilizers, better seeds, livestock and micro-irrigation.  
    • kenzabenessalah
       
      Knowing the percentage of the population who do not own bank accounts as well as the percentages of loans that others have access to is a must to help improve the economic situation in Kenya. Such details, like interest rate, etc. are essential in helping people construct a well structured economic strategy so that all Kenyans benefit from these financial services and never fall back again.
hindelquarrouti

Digital spillovers and SMEs' performance in Sub-Saharan Africa - 1 views

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    Worldcover, a fintech company that focuses on hedging natural risk, is offering blockchain-enabled weather indexed insurances for cultivators in Uganda, Kenya and Ghana.
hindelquarrouti

Advancing digital frontiers in African economies: lessons learned from firm-level innov... - 1 views

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    Worldcover is characterized by using sensors, mobile phones, data analytics and other AI in order to shape its weather index based insurances for farmers. Also, this company provides person-to-person lending to connect investors with farmers.
mohammed_ab

Products and Services - Pula - 0 views

  • We design and deliver best in class agriculture index insurance products to protect farmers
  • Pula handles end to end management of the delivery of insurance to farmers, including field operations, farmer onboarding/education and claims assessment and payouts.
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    Pula products offerings target African farmers who have difficulties paying for expensive insurance. They act as an intermediary between local insurance and global reinsurance companies and farmers to minimize weather risk on their crops.
ayachehbouni

FarmDrive in Kenya | Future Young Leaders - 0 views

  • In addition to the validated farm-level data collected through the app, FarmDrive also collects big data from satellite companies, weather stations, government agencies, and more. Using these aggregated data, the model generates credit scores and provides automated decisioning tools that enable financial institutions to develop loan products that fit the economic and agronomic needs of smallholder farmers.
    • hibaerrai
       
      FarmDrive makes sure to gather all possible data from different agencies and using different models to provide their clients with suitable loan deals. This supports automated financial services and better risk assessment.
  • In 2016 FarmDrive completed the initial phase of product-market fit in partnership with a Kenyan MFI. Through this pilot over KES 15 mil (USD 150,000) in loans were disbursed throughout 16 counties in Kenya. The pilot served as a proof point that better risk assessment can unlock capital for smallholder farmers, and informs the product development we’re doing today to drive more capital to farmers
    • ayachehbouni
       
      The achievements of FarmDrive exceed what was expected. That is thanks to, along with other things, the partnerships it had that allowed to provide more and extend its reach.
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