Agritech

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.

Micro-Investments

Finance
$31,314.34
A US $200 contribution yields a return of $30 just 12 months after planting the additional acreage.

Finance
$78,285.85
A US $500 contribution will yield $75 in returns just 12 months after planting.

Finance
$156,571.70
A US $1000 contribution yields a return of $200 just 12 months after planting the additional acreage.

Finance
$625,000.00
Repayment begins after 4 months

Finance
$1,565,717.00
A US $10,000 contribution yields a return of US $2,000 just 12 months after planting the additional acreage.