Kula (Meaning Grow)

There Is very little aggregated data about smallholder farmers, particularly about their financial performance and history. The lack of data makes difficult for financial institution's to conduct credit assessments on farmers; hence they are viewed as a high risk, locking them out of formal financial systems which have resulted in only 14.9% of the 1.8 million Small Scale farmers in Zambia having access to credit or bank loans. Additionally, access to high value markets is a huge challenge as they encounter high transport and marketing costs for their farm produce.

Our solution uses traditional and alternative information to extend services such as access to finance, access to markets and agronomic information. Through this solution, we collect information on the farmer by working with farm business advisors. This information is later used to come up with an economic identity in order to extend such critical services.