Undertake feasibility studies to incorporate Credit Guarantee Instrument (CGI) as part of mfarmPay/agroPay product deployment for partner financial institutions and agri-lenders in Ghana
Bank of Ghana (BoG) issued a policy to promote and guide the development and use of crowdfunding products and services for the banking sector.
Credit Scoring is an innovative process of running a derisking model to assess a user as fit for potential financing facility (mfarmpay Inc., 2018). Several innovations abound within farmer credit scoring systems in Africa.
With approximately 90% of farm holdings in Ghana of less than 2 hectares, Ghana’s agriculture is still dominated by traditional smallholder farming.
mfarmPay is a geodata based digital financial product enabling access to credit for African smalllholder farmers by providing a digital credit scoring infrastructure for formal financial institutions focused on smallholder farmer financing.
As the pandemic reaches the people we serve, mfarmpay Inc. and partners are responding quickly to help clients and small farm families respond to the situation.