Tuesday
May 22
2018

Blockchain technology is being used in the early disruption of Kenya’s agribusiness

By Abdi Latif Dahir

For the three years that Jannifer Waceke has managed her own store in Nairobi, she has struggled to overcome one barrier: accessing small loans to replenish her kiosk, buy more vegetables and goods, and in turn, grow her business.

In many emerging markets, food retailers along with smallholder farmers, struggle to secure loans and develop a credit history. And without the proper financing, many of them fail to scale their businesses. To tackle this, IBM has been working with the Kenya-based food logistics startup Twiga Foods to facilitate micro-lending options for food vendors.

Photo courtesy of Neil Palmer.

Source: Quartz Africa (link opens in a new window)

Categories
Agriculture, Technology
Tags
agriculture, blockchain, emerging markets, farmers, global agriculture, Kenya, smallholder farmers