NEXT BILLION: Using fintech to feed the world: Four innovative approaches in smallholder finance

Published on

September 25, 2017

Easy, convenient, digital access to finance.

As aspiring homeowners in the United States use online services like Rocket Mortgage to “make getting a home loan easy,” an ocean away in places like Kenya and Zambia, rural smallholder farmers are using similar digital technologies to access the finance they need to improve their farms and businesses.

These farmers – who typically farm fewer than 5 acres of land, roughly the size of five football fields  – play a critical role in feeding the world’s growing population (set to hit 9 billion people by 2050). But with a whopping US $200 billion gap in smallholder financing, many cannot access the financing they need to invest in things like seeds, fertilizers and irrigation technologies to increase production and improve their livelihoods.

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