Farm Credibly's blog

Blockchain Releases Farmers from the Collateral Trap

Blockchain Releases Farmers from the Collateral Trap

 

By Busani Bafana

A Jamaican start-up has an innovative solution to help smallholder farmers—many of whom do not have the collateral demanded by financial institutions to access loans—build a track record of their production that is proving better than collateral.

CTA Partner at European Development Days 2019

European Development Days

Thanks to the CTA, Farm Credibly was represented at European Development Days 2019 in Brussels from June18-19.

European Development Days is Europe’s leading forum on development since 2006.

Farm Credibly Explained

How it Works

Farm Credibly simplifies financial services for underbanked farmers who are productive but want to be more productive. We bring together multiple entities within farmers’ business network on behalf of farmers. By getting data from suppliers and distributors, a trusted and secure farmer profile is established. FarmCredibly empowers creditors with the means to reduce risk in issuing loans and insurance to unbanked farmers by leveraging Blockchain technology to provide alternative credit scoring.

St. Elizabeth Trip

On our way to St. Elizabeth today to check out some pepper farms we spotted red bananas.

There are over 1,000 different varieties of bananas around the world.

Red bananas are soft and have a sweet flavor when ripe. Some people say they taste like a regular banana — but with a hint of raspberry sweetness.

 

FC’s First Farm Visit

It’s Farm Credibly’s first farm visit and our team is excited! We head to Manchester to visit a farm that’s operated by 2 brothers, the area is in the south of the parish and there is a wind farm close by. 

After a 2 1/2 hr drive, we’re happy to approach our destination. We know we’re close as this is indicated by the small cluster of men on the side of the street ever so often the further inland we go. Oh look! Its the turning of 20ft tall wind harvesting machines.