This discussion was recorded on 27 April 2022 as part of the UNCTAD eCommerce Week 2022.
Despite being a key pillar of the Ugandan economy, agriculture attracts a small fraction of financing. Lending to smallholder farmers (about 80% of the farming population in Uganda) is perceived as risky, and the majority do not have credit history or collateral. However, most smallholder farmers are members of cooperatives and loans and savings groups that hold data on their savings and credit. This session introduces innovative digital financing models by fintechs Ensibuuko and eMata, who are partnering with UNCDF, FAO, and UDBL to pilot the innovative lending models based on data held by farmer groups to enable access to low-cost credit for smallholder farmers in rural areas of Uganda.
Moderator: Iris Kissiti, Digital Finance Country Specialist, UNCDF
Speakers:
Julien Vallet, Economist, Investment Centre, Africa Service, FAO
Carlo Bravi, Senior Economist, FAO Investment Centre Division, FAO
John Peter Emoi, Investment Manager, Uganda Development Bank Ltd
Davis Agaba, Chief Technical Officer, Emata
Gerald Otim, Founder, Ensibuuko
Closing Remarks:
Chris Lukolyo- Digital Country Lead, UNCDF Uganda