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
All in Africa
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.
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.
We are heartened to have strong women leadership as an intrinsic part of mfarmPay’s DNA.
mfarmPay is providing a seamless loan origination, proprietary credit scoring model, and payment infrastructure to increase the reach, quality, and affordability by derisking financing for financial institutions, and commercial agri-lenders for African smallholder farmers at scale.
Majority of Ghana’s farming population are in rural communities. Insufficient access to finance for smallholder farmers and low investment due to perceived and actual risks in lending to them limit their ability to scale production.