Only 3% of smallholder farmers have access to financing through traditional banks and microfinance. The vast majority therefore remain in poverty, unable to secure quality fertiliser, seeds and farm equipment.
myAgro is an innovative social enterprise aiming to change this, with a mission to move smallholder farmers out of poverty. Through a mobile layaway platform, they enable smallholder farmers to save up for farming products throughout the year, without taking out loans. At the start of each planting season, myAgro then delivers the pre-paid high-quality seeds and fertilisers to its customers, whilst also providing training in modern farming methods. This can dramatically improve their crop yields and incomes.
Grants Awarded: $750,000
Start Date: February 2017
End Date: Ongoing
Region(s): Mali, Senegal & Tanzania