Farmerline is a Ghanaian social enterprise working to transform the lives of millions of farmers. The company deploys mobile and web technologies that brings farming advice, weather forecasts, market information, and financial tips to farmers who are traditionally out-of reach due to barriers in connectivity, literacy, and/or language. In the past 3 years, Farmerline has impacted over 200,000 farmers across 5 countries in Africa.
Lack of affordable financing for cocoa farmers in Ghana inhibits their productivity and, in turn, makes it more difficult for them to earn sufficient income and withstand adverse economic shocks (e.g. illnesses, poor growing season, natural disasters, etc.). This problem stems in part from a lack of data on individual farmers (to establish creditworthiness), as well as the relatively high cost of servicing them in rural areas, both of which have discouraged traditional financial service providers like banks and microfinance institutions from extending financial services to farmers.
With technical support from Bankable Frontiers Associates & MasterCard Foundation and your Kiva support, Farmerline plans to create a credit-scoring product that will enable Cocoa Purchasing Clerks to provide cash advances to at least 500 cocoa farmers.
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About N/A, Direct to Farmerline:
The direct to social enterprise program is a pilot program that aims to raise capital for social enterprises in a new and more efficient way. Social enterprises have the potential to strengthen their communities and reduce poverty by expanding formal employment, scaling innovative social solutions and driving sustainable economic growth. Through this pilot, Kiva will explore whether it can reach more social enterprises and lower operational costs (for the social enterprise and for Kiva) by facilitating lending directly, without a Field Partner