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HomeNewsKick-Off Pilot finance project with Sathapana Bank in Myanmar
Kick-Off Pilot finance project with Sathapana Bank in Myanmar
22 January 2019
Under the G4AW/ SAM Myanmar programme, Impactterra and Financial Access have signed an agreement with Sathapana Bank for the development of a smallholder finance pilot scheme in Shan State, Myanmar. This collaboration will allow Sathapana Bank, through the use of a customized farmer credit scoring model (developed by Financial Access) in combination with actual weather, agricultural and market data (provided by Impactterra’s Golden Paddy data platform) and tailored technical assistance, to provide financing to large numbers of maize smallholder farmers at significant lower cost and risk. This innovative smallholder financing model is a breakthrough in Myanmar, where tens of thousands of smallholder farmers have no or little access to affordable, formal finance to purchase (better) seeds, fertilizers and pesticides and to transition to more sustainable agricultural practices.
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