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Agricultural Development

Launch of Digital Financial Services Handbook for Agriculture

Launch of Digital Financial Services Handbook for Agriculture

SIA is pleased to announce the launch of the Digital Financial Services Handbook for Agriculture, which it co-authored. The Handbook is a product of IFC and Mastercard Foundation’s Partnership for Financial Inclusion, a joint initiative to expand microfinance and advance digital financial services (DFS) in Sub-Saharan Africa. The Handbook is intended to provide information and guidance to financial service providers, including microfinance institutions, banks, mobile network operators, fintechs and payment service providers, on how to apply DFS in agriculture.

Whereas previous Partnership handbooks have covered alternative delivery channels for financial inclusion, risk management and data analytics for DFS and the future of financial inclusion, this release represents its first focus on agriculture. Technologies that are rapidly expanding in accessibility throughout sub-Saharan Africa bring new solutions to the age-old challenge of financing agriculture and of delivering information and services to last-mile farmers. Given agriculture’s critical importance to food production, global business and climate change, it is no surprise that there is increasingly visible interest in how technology can be applied to improving sustainability, productivity and farmer livelihoods.

As the Handbook launches, we will explore over the next several weeks some of the major topics being discussed at the cutting edge of digital technology, financial services and agriculture. Stay tuned!

Future of Mobile Money for Cocoa Farmers in Côte d’Ivoire, Ghana

Future of Mobile Money for Cocoa Farmers in Côte d’Ivoire, Ghana

SIA has published a report on the design and execution of a market research study in Ghana and Côte d’Ivoire that determined the demand for digital financial services in the cocoa value chain with an emphasis on farmer financial inclusion and the potential of mobile money to enhance farmers’ livelihoods.