We officially launched the Sat4Business Programme with our consortium partners in Ghana last week. The aim of Sat4Business is to support 140,000 Ghanaian cocoa and oil palm farmers to increase their food production and job creation by providing information products and financial services. Farmers will receive information on market prices, weather, agriculture and agronomic advice, as well as access to financial services such as pensions, insurance and loans through a digital shared services platform developed jointly by Solidaridad, Financial Access and Esoko.
The data-driven approach of the program will leverage satellite data, farm-level and value chain data to provide insights for farmers to improve productivity and to obtain access to financial services at lower cost and risk. For the platform, Financial Access will design and deliver crop-specific credit risk models and scoring tools, develop investable smallholder finance portfolios and to provide technical assistance to local agri lenders using the platform.
Sat4Business is part of the Geodata for Agriculture and Water (“G4AW”) initiative from the Netherlands Space Office (“NSO”) to improve food security in developing countries.
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