Village Capital partnered with MasterCard Foundation, the DOEN Foundation, and Duncan Goldie-Scot to bring alternative financial services to smallholder farmers in Eastern Africa.
According to McKinsey and Company, 2.5 billion of the world's adults--and 80% of Sub-Saharan Africa--do not use formal banks or semiformal microfinance institutions to save or borrow money. Access to financial services can be especially lacking for smallholder farmers, who are often far from a financial access point. Furthermore, many promising early-stage entrepreneurs addressing this issue cannot find the resources they need to get off the ground.
Village Capital FinTech for Agriculture: East Africa 2015 meet both needs by bringing resources to the highest-potential entrepreneurs with early stage ventures developing financial technologies for the underbanked and unbanked in East Africa. Explore the tabs to find out about the program.