Deadline: 11-Jul-2017 at 11:59:59 PM (Eastern Time – Washington D.C.)
Farmers in Africa have limited access to affordable finance, especially before the planting season when cash flow is low but need for farming inputs is high. In Kenya, agriculture is one of the most underfinanced sectors of the economy. CGAP aims to lower the risk and cost for financial institutions and input suppliers to meet this unmet demand. We wish to test a digital financial solution that links smallholder farmers to inputs and credit in Kenya. The solution should help smallholder farmers save as well as securely borrow toward the purchase of agricultural inputs such as fertilizers, seeds.
CGAP will procure technical services to structure and test this digital financial solution and identify relevant lessons to be shared widely in an open access format. We expect this pilot to give us key learnings on creating mobile wallets that help farmers access credit for inputs and assists them in reaching their goals, thereby creating a high value proposition solution for Kenyan farmers.