Agropreneur is a mobile based smallholder farmer lending solution. Our solution is designed to bridge the gap of immediate fund access for rural people (predominantly farmers) with limited access to formal credit. Agropreneur uses its own proprietary algorithm to assign credit scores to the rural farmers. Loans are guaranteed by the farmers’ farm produce.
Only 1% of commercial lending goes to farmers in Uganda at an average interest rate of 26%. This is the gap we are trying to fill as we provide the smallholder farmers loans at interest rates between 10% and 15% depending on the risk. In addition to the micro-loans, we provide quality inputs to the farmers as well as marketing services for their produce. Our most recent addition is our agro-processing facility that produces nutritious porridge, powdered spices, groundnut paste, snacks and juice among others.
We have operated in Uganda for the past 2years years issuing over $70,000 in microloans building the size of our fund from $5,000 to $30,000 and the number of people we serve to over 200. Our annual revenue from lending, supplying farm inputs and marketing produce is on course to pass the $40,000 mark this year
Join us in building the next FinTech and Agri Business giant in Africa.
This venture is seeking finance for their venture. Are you an investor? Check out the Pro Account to see the details.