Agri-wallet uses blockchain technology to help farmers save and get loans. With these loans, they can only buy seeds, fertilizer or tools for crop protection. They can only spend their savings or loans to invest in their farm.
For smallholder farmers globally, it is a challenge to reserve funds for future business costs and also a challenge to access credit finance for their agriculture activities.
We developed the Agri-wallet, based on our Coin22 mobile platform, to help farmers sustain and grow their business. Agri-wallet ensures direct mobile payment to the farmer from the offtake market while setting aside part of the income into a mobile wallet which can only be used to buy farm inputs.
Agri-wallet provides flexible and affordable working capital for Agri-buyers to enable them to pay out to farmers promptly. Agri-wallet provides working capital to last mile input retailers to source for inputs from input manufacturers.
We started in May and have since grown.we have attracted great partners and we are already helping over 10,000 farmers.