Tuesday
June 6
2017

UN Study: Digitization of Kenyan Farmer Payments Helps Tackle Poverty

A new case study by the United Nations-based Better Than Cash Alliance shows how agriculture nonprofit organization One Acre Fund in partnership with Citi Inclusive Finance successfully digitized loan repayments for farmers in Kenya.

This move significantly boosted transparency and efficiency, driving economic opportunity and financial inclusion for thousands of smallholder farmers and their families.
One Acre Fund, supported by Citi, enabled farmers to easily make loan repayments via mobile money instead of cash, reducing the uncertainty, inefficiency, insecurity and high costs previously caused by cash transactions.

Source: Somali Update (link opens in a new window)

Categories
Agriculture, Technology
Tags
agribusiness, agtech, Base of the Pyramid, digital payments, farming, financial inclusion, financial innovation, fintech, lending, mobile money, UN