Umojalands System is a core-banking platform for microfinance to digitally connect to farmer data and derisk lending using satellite imagery and Artificial Intelligence (AI)
Problem Statement
By one estimate, smallholders in Africa, Latin America, and Asia face a $170 billion funding
gap, (CSIS, 2022). This gap is leading to widespread food insecurity and is caused by several reasons:
Our Why?
1. Financiers lack proprietary software to identify viable farms to lend
2. Both Financiers and Farmers fear the risk of loan default due to climate change
3. Distance between them discourage funding opportunity
Solution
A Web application integrated with satellite imagery and AI to allow farmers and financiers digitally connect and derisk lending
Value Proposition
USSD – enables farmers to digitally apply for loans and become visible on the Umojalands platform
Web App – Allow financiers to connect to farmer data and manage farm via satellite
Articles
Webinar Recap: Digital technologies helping farmers access finance
Generation Africa and VC4A – on 13th April 2023 – held a webinar on digital technologies helping farmers access finance which had over 100… read more
GoGettaz
Meet GoGettaz offering digital technologies helping farmers access AgriFinance
Africa’s youthful population is expected to surpass 1.5 billion in 2060 an increase of 89% according to the United Nations Department of Economic and… read more
Sharon Anyango