AKABOXI Digital financial inclusion system for small holder farmers
Akaboxi is a digital financial inclusion system that enables small holder farmers in communities monitor and manage their savings together. Akaboxi provides rural communities with a more secure way of keeping smallholder farmers’ savings that are kept in boxes in their leader’s houses to be managed and monitored by use of a Digital Financial Inclusion system. It provides a credit scoring model that enables members in the saving box group to accurately and efficiently assess the credit risk of their colleagues and also be able to manage and monitor their savings. Every individual member in the savings box is assigned a unique Identity Card (ID) embedded with Near Field Communication (NFC) technology for clear identification capturing the necessary demographic information. The system is linked to each member’s mobile money phone number for transactions. Through partnerships, smallholder farmers are linked to agric.input providers , ready markets, training agri.best practices & finance.