mfarmPay
External Link:
Thematic Focus:
Agriculture, Biodiversity and Sustainability, Digital Communication / ICTs
Involved Countries:
Switzerland, Kenya
Is Affiliated to:
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Received Funding By:
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mfarmPay leverages farm parcels, climate metrics, and satellite imagery to de-risk and enable financing for low-resourced smallholder farmers across Africa. Their streamlined digital finance platform combines data and resources to offer efficient financing services. Through an API plugin, partner financial institutions can access mfarmPay’s Credit Scoring Engine (CSE), which utilizes evidence-based data modeling to manage agricultural credit risk. Additionally, mfarmPay employs agronomic machine learning remote sensing and bundled extension services to enhance transparency and mitigate risks, ultimately contributing to the professionalization of smallholder farmers. Elorm Allavi, CEO & the Co-Founder, participated in the program 2020.