Fourth Industrial Revolution
How $1 scratch cards are helping farmers invest for the future
A new scheme allows farmers to put aside small amounts of cash during the dry season to pay for seed and fertilizer to increase harvests when the rains come.
- Headquarters
- Senegal
myAgro
myAgro is a non-profit social enterprise based in West Africa pioneering a mobile layaway savings model that enables farmers to invest their own funds in high-quality seeds, fertilisers, tools and training. Farmers pay in advance for inputs and training by buying a myAgro card at their local village store, depositing their money into a layaway account by texting in the scratch-off code. myAgro delivers in time for planting period. It is delivering 50-100% increases in yields and 50% increases in incomes for smallholder farmers. It is on track to work with 60,000 farmers, helping move 600,000 people out of poverty.
1 articles from myAgro
