USAID mSTAR's Guide to the Use of Digital Finance Services in Agriculture

Published on

March 30, 2016

USAID mSTAR's recently published Guide, offers a road map for the use of digital finance services in agriculture to improve the value chain and increase farmer income. 

Summary by the Learning Lab

The recently released, USAID Mobile Solutions Technical Assistance and Research (mSTAR) “Guide to the Use of Digital Financial Services in Agriculture”, looks at how Digital Financial Services (DFS) can address and improve value chain capabilities to ultimately increase farmer income. As explained in the Guide,

"Digital financial services (DFS) can help to address specific chronic challenges in the value chain—especially those challenges that need financial services solutions, and where the traditional finance sector is not fully addressing the demands in rural markets." 

The Guide demonstrates that while DFS can greatly effect challenges that smallholder farmers are experiencing today—mainly, lacking access to financial services and convenient payment systems – DFS is not the “silver bullet” to agriculture development. It is through strategic integration of DFS systems in collaboration with other financial inclusion efforts that DFS in agriculture proves to be most impactful.

 In using this Guide, readers will gain a basic toolkit for assessing value chain challenges, evaluating existing financial services, and identifying the feasibility of DFS implementation. Download the full Guide to learn more on how DFS solutions can help increase financial acess in rural communities and improve smallholder livelihoods.  

Source: 
Guide to the Use of Digital Financial Services in Agriculture

About the Author(s)

USAID mSTAR FHI 360
Producer of highlighted study

The FHI 360 Mobile Solutions Technical Assistance and Research (mSTAR) project is a broad, flexible, and responsive technical assistance and research program that is fostering the rapid adoption and scale-up of digital finance, digital inclusion, and mobile data in developing countries. 

mSTAR supports the U.S. Agency for International Development (USAID) goal of building partnerships to create enabling policies and regulations, develop new business models and provide relevant local content that makes mobile technology accessible to underserved populations.