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Innovation Solution Description
Digital agricultural platform that connects small-scale farmers with investors.
Qualitative Results of the Innovation Solution
1. Access to funding: FarmCrowdy provides access to funding for smallholder farmers. Farmers access loans to finance their farming activities, leading to increased productivity and income.
2. Technology adoption: Uses modern technologies such as precision agriculture, remote sensing, and data analytics in farming. Which helps farmers to optimize their production processes, reduce waste, and increase yield.
3. Capacity building: Provided training and capacity building to learn about new farming techniques, pest control methods, and market trends. This has helped to improve the quality of products, leading to increased profitability.
4. Market access: Provides smallholder farmers with access to markets by linking them to off-takers through its platform. This has helped farmers to sell their products at a fair price, reducing post-harvest losses and increase their income.
Quantitative Result of the Innovation
1. Supported over 25,000 farmers, provided over $15 million in funding, and helped to produce over 11,000 metric tons of food.
2. Number of Farmers Supported: FarmCrowdy claim to have empowered over 25,000 farmers by providing them with access to funding, resources, and training to improve their agricultural practices.
3. Hectares of Farmland Developed: The platform reported developing more than 25,000 hectares of farmland across Nigeria, which contributed to increased agricultural productivity.
Border Area
Ogun, Oyo, Osun, Kwara, Ondo, Edo and Delta.
Region
West Africa
Organization
FarmCrowdy,
Address: Lekki, Lagos
Consent/Link
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