Unity Bank Plc’s Post

The Challenge With Access To #Capital in #Agriculture.- #Ghana #smallholder farmers. The Agunity.com opportunity. #farming and #agribusiness have unique and very distinct requirements when it comes to #financing. Some distinct features include situations such as input needs plant, time in between planting and harvest with operational expense and the harvest which may still need finance. The #lending to Agric vs. other industries is generally low. Many reasons are given for this low lending rate. It may be said that both #farmers and #agribusinesses must make it easier to move beyond the so called risks. First is the proper running of #farmer #organizations as we speak about Smallholder. Groups or #coopertives are the best way to get #scale and credibility. Today those lendng insttutions require information and spend time and resources to assess agribusinesses’ bankability. A lot of these loans to agribusiness is of "lower" ticket size which makes transactional cost a bit higher. However there are ways to still lend under the right circumstances. In a lot of cases that information needed is not available due to the lack of proper #systems by these Smallholder #coops or groups. Some of the required information can include: A. The operations and internal management, if these groups. B. #Valuechain and market performance, and specifically day to day management. Records must be professional with very transparent processes. This is where relevant #technology comes to play. The Agunity Coop Management Solution is such a system that can be used by many an agric enterprises in #Ghana. BELOW is a teaser. https://lnkd.in/ds6mfuJu If you are an FBO or Coop organization seeking to use such a system in #Ghana contact kwesi@agiunity.com or go to Agunity.com. We are looking for credible organizations to work with under a new scheme in Ghana. David Davies Peter Horsten Angus Rama Keck Harrison Byrnes #sustainability #financialinclusion The teaser below

I had the opportunity to speak with CNBC last week, on reinventing financing for Agriuclture. There is a growing momentum, driven by the presence of more data from farmers and farming activities, that is starting to redefine the risk associated with the agriculture sector. This is demonstrated by how many innovators and private companies across the value chain that are creating new models for providing unconventional financing to farmers and last mile actors. In the discussion with CNBC, I shared my perspective on what is changing and how a collaborative effort from public, private and development sector players can really accelerate the momentum to attract more needed funding to this sector. https://lnkd.in/g9PQj62i

I find immense fulfillment in working closely with smallholder farmers, particularly when advancing #financialservices. I'm passionate about forging collaborations that streamline access to agricultural loans, empowering our agricultural community and fostering sustainable growth. Collaboration is key, and NBS Bank is committed to driving positive change through partnership. Together, we can achieve great things and make a lasting impact #BusinessDevelopment #Agriculture #synergies #Agrifinance #Bankingfinance

Terra is revolutionizing the agricultural sector by streamlining payments for our hardworking farmers. Our digital wallet infrastructure ensures quick, secure transactions, so farmers can focus on what they do best: bringing the harvest home. It's our way of keeping the agricultural wheel turning, ensuring that every seed sown translates into growth and prosperity. #TerraInAgriculture #DigitalPayments #FarmingFuture #TerraInnovates #TerraSoftworks #TerraInKenya

Starting up Monday with Farmpark’s Moneymaker, our goal is to curb food insecurity, create earning opportunities for everybody and bridge the funding gap for farmers. The moneymaker is your surest way of investing in agriculture now. Want to learn more? Need more information? Ready to invest now? Send us a message on WhatsApp or visit our website. #farmpark #farmparkmoneymaker #agricultureinnigeria

Unlocking capital for smallholder farmers through #DeFi and #Tokenization. What a journey we've been on! African agriculture has the power to feed the planet, and generate a living for millions, and have a positive impact on ecosystems... all it has been waiting for is access to capital. And we are doing it! That's a layer-1 with #impact ! That's #RWAs in action. ToroNet Voriancorelli Nexera Bolaji Akinboro Luis Fernando Cohn Pelaez Baran Akin

"Cultivating Credit Worthiness: The Importance of Record Keeping for Farmers." - By Haatembo Dalitso Accurate record keeping is a vital tool for farmers, serving as a backbone for their agricultural business. By maintaining detailed records of their activities, farmers can: - Track progress and identify areas for improvement - Make informed decisions on crop management and resource allocation - Demonstrate creditworthiness to financial institutions Effective record keeping helps farmers secure financing by providing tangible evidence of their business operations and credit history. This increases their chances of accessing loans, credits, and other financial services. With proper records, farmers can: - Showcase their repayment capacity - Provide proof of income and expenses - Demonstrate a track record of successful farming practices By maintaining accurate records, farmers can unlock access to financing opportunities, ensuring the growth and sustainability of their agricultural endeavors. #FarmRecordKeeping #AgriculturalFinancing #FarmFinance #AgribusinessManagement #FarmManagement

PULA Secures $20M In Seed B Funding Kenyan insuretech pioneer PULA, specializing in agricultural insurance, just closed a significant $20 million Series B funding round led by BlueOrchard via its InsuResilience strategy. The investment aims to expand insurance coverage for smallholder farmers in emerging markets, especially those vulnerable to climate change. Other investors include the IFC, the Bill & Melinda Gates Foundation, and Hesabu Capital. PULA started in 2015 when Rose Goslinga and Thomas Njeru noticed a critical challenge for millions of smallholder farmers: the constant threat of climate-induced disruptions like floods, droughts, and pests. Read more here: https://lnkd.in/dkcnBedZ PULA #AgriculturalInsurance #ClimateResilience #SmallholderFarmers #Insuretech

How can we accelerate the adoption of Black Soldier Fly models as an innovative agricultural solution for farmers in Africa? By leveraging blended finance, public-private partnerships, and technological transfer/innovations. Inspired by the archetypes developed by Convergence Blended Finance, we have identified three clear roles of blended finance to bolster the growth of this sector: research and development, strategy, and testing.      Read more on the growth strategies: https://lnkd.in/gvj9cBKp #BlendedFinance #Agriculture #FoodSecurity  

Smallholder farmers produce over 30% of the world’s food supply, yet they still struggle to access basic financial services. GSMA's Head of Financial Inclusion and AgriTech, Ashley Olson Onyango shares her thoughts on why farmer financial inclusion is critical to supporting livelihoods and the world's growing food demand. #FinancialInclusion #LeaveNoOneBehind #FinancialServices https://bit.ly/4asS4PC