Save to Buy Mobile Layaway system
Globally, over 1 billion farmers are impoverished and food insecure. In Uganda, around 75% of the population relies on agriculture, and almost 45% live on less than $1.25 a day. Approximately 30% of all rural Ugandans – about 10 million people – live below the poverty line. This includes hundreds of thousands of smallholder farmers who live in remote areas.
Most of these smallholder farmers face lower food production due to constant dry spells and a lack of extension services. These farmers also face cash flow problems: the peak of their income is at harvest time, but their greatest expenditure is in the planting season when they should invest in quality seeds, fertilizers, and tools. It can be challenging to manage cash during these cycles. This leads to farmers purchasing low-quality seeds (most of which can’t withstand long periods of drought in most parts of the country) and fertilizer, leading to underproduction on agricultural land.
Agro Supply is on a mission to transform the lives of smallholder farmers in Africa by creating a holistic approach that is helping farmers to afford high-quality and hybrid (drought-resistant) seeds and organic fertilizers through a save-to-buy model Layaway system. In addition, the company is offering area yield index insurance to further protect farmers.
Our Solution serves smallholder farmers at the bottom of the pyramid, all of them leave on less than $1 per day, and By the end of the decade 118M extremely poor people across Africa will be facing extended periods of drought, flooding, and extreme heat as a direct result of climate change, most of the customers we serve has over 9 people in their family
Our philosophy is simple — hire a team of diverse, passionate people and foster a culture that empowers you to do your best work. As a team, we love working together, ideating solutions, and collaborating to do our best work together. At our core, we are a family of leaders who put farmers first
That is why we are well-positioned to help African farmers.
- Other
- Uganda
- Growth: An organization with an established product, service, or business model that is rolled out in one or more communities
We are working with 25,126 smallholder farmers and 45.2% of women
We are applying to solve to look for funding to expand our solution to new locations, and also get experts advice and mentorship to help us scale.
- Monitoring & Evaluation (e.g. collecting/using data, measuring impact)
- Product / Service Distribution (e.g. delivery, logistics, expanding client base)