Farm working capital without the cost and risk
- Fair trade
- Financial services and markets
- Security
- Poverty alleviation
- Rural development
- Microfinance
Example: Walk us through a specific example(s) of how this solution makes a difference; include its primary activities.
Marketplace: Who else is addressing the problem outlined here? How does the proposed project differ from these approaches?
Founding Story
Rob
Grimberg
Capital Tool Company
, UT, Utrecht
, BA
More than 5 years
Winner G20 SME finance challenge
Operating for less than a year
Increased productivity of farms
Improved sales prices of products
Safety for farmers
Physical and other accessibility obstacles that prevent communities from reaching financial services, The lack of affordable financial products tailored to the needs of underserved and excluded communities,, Other (Please describe below).
Lack of ability in farmers to formalize
Micro farmers in Peru, Indonesia
Yes. All emerging markets with mobile phone infrastructure, collection companies and appropriate legal framework.
Micro farmer land return rate up 300% and gross income of the farms up 500% due to better pricing on their sales.
Funding available on the platform to use to finance invoices to and from farmers and funds to implement the solution.
The solution is in development.
At least 50,000 farmers with improved access to finance.
Pilot with a number of farmers
Identify pilot farmers
Finalise system
Identify pilot suppliers
1000 farmers connected
Collaboration with micro finance institution
Funding for financing the farmers
Project funding
World Bank collaboration to ensure local government approval and participation
We are interested in farmer communities / farmers micro banks to join the pilot.
The operating environment preferably has
- strong mobile phone infrastructure
- ability to create a confirmed invoice through SMS
- mobile payments available
- partner micro bank focusing on micro farmers
We invite micro finance institution to participate