$150 Billion Finance Gap in Smallholder Farming
According to Mastercard Foundation, there is a $150 billion finance gap in the smallholder farming. Using data analytics could accelerate the capacity to serve these largely small scale farmers and still be profitable.
Uploaded files:With a USD 150 billion smallholder finance gap, the use of data analytics could be the game change we need to serve smallholders profitably and at scale. And while early signs are promising, there is still a lot of work to be done. To bring data analytics to the next level, it will require a concerted effort from all players. Financial service providers and digital service providers will need to work together on a commercial scale to prove the business case and develop blueprints of success. Meanwhile, donors and investors will need to continue funding more and better innovative solutions to increase the possibility of innovation.