In this presentation, Peris Bosire gives insights on the strong institutional, policy and programmatic developments that are making Kenya one of the frontrunners on agricultural digitalization across the continent, drawing on her experience as co-founder of FarmDrive.
2. ❖ FarmDrive is a financial technology company that applies data science to build tech solutions that increase
access to meaningful financial services. FarmDrive’s focus is building tech systems that will enable more
lenders to finance smallholder farmers.
❖ FarmDrive’s mission is to drive capital where it’s needed most to increase opportunity for families in Africa.
❖ With a funding gap of over USD 150 Billion, agriculture is underfunded in Africa.
❖ FarmDrive has disbursed USD 7 million to smallholder farmers and agriculture SMEs in Kenya through
partnerships with DigiFarm (Safaricom ).
❖ FarmDrive deploys data-driven technology solutions for financial service providers (FSPs) to efficiently
grow their portfolios, mitigate risk and reduce operational costs.
FarmDrive’s work in Kenya
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3. Use of Digital Technology
Digitize not replace on farm
operations
Efficient translating to
portfolio & revenue growth.
FarmDrive Chatbots
Augment on the ground extension
services with digital channels
Recovery & Collections
Automated debt collection and
recovery. Track client
responses and locations and
make sound collection and
recovery decisions.
Identity Verification
Creating financial identity for
smallholder families
Mobile Payments
Send and receive money
from smallholder farmers
through mobile channels
Market Place
Data driven Market linkages and access
Omnichannel Integration
Integrated channels to allow
clients to access your services
at their own convenience
through mobile, desktop or
brick and mortar.
Loan Management System
Enhance all your procedures
to manage all the stages of a
loan cycle.
Business Intelligence
Better and faster business
decisions with visualised
real time reports and
customer insights.
Fraud Engine
Detect and prevent fraud in a timely
manner, avoiding unnecessary losses
to the business.
Credit Scoring
Use alternative data to
develop tailored loan
products for smallholder
farmers