VunaPay

The Problem

Although 50% of smallholder farmers are registered in Agricultural Cooperatives, more than half of them sell to informal brokers at 40-80% below market value. They do this because brokers pay instantly, as opposed to their Cooperatives who pay them 3 to 6 months after delivering their produce.

The Solution

VunaPay facilitates instant payment to smallholder farmers for produce delivered to the Agricultural Cooperative or other farmer collective. We work through agricultural cooperatives by offering them an end-to-end produce and farm inputs management solution. When farmers drop off produce at the cooperative, our system instantly calculates their qualified payout amount, less any credit extended. We onboard financial partners who then disburse the payout instantly through our platform, which is repaid by the cooperative once they sell the collected produce. We collect our fee at this stage. We do not provide loans per se, but accelerate payment for produce already delivered.

Stats

VunaPay has registered 114,500 farmers on its agricultural payments platform.