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Innovation Solution Description
Akello Banker- Fintech Solution
Qualitative Results of the Innovation
Quest Digital Finance is a market leader in delivering Financial and Agricultural Technologies in Africa. Quest uses analytics-based machine learning systems to facilitate easy access to financial & Agricultural products and services. Through its Digital Platform used by SACCOS and VSLAS and through its digital market linkage platform, the platform/technology seeks to address the challenges of low limited access and penetration of financial services as well as production and productivity along the agricultural value chain. Some of the constraints addressed by the solution in the Financial sector include, but not limited to the following;
1. Digitizing operations of financial and Agricultural service providers
2. Enabling farmers & Traders to digitally access and reach to financial services providers
3. Facilitating access to digital credit to Farmers and SMEs
4. Allow farmers to hire, share and pay for equipment and services on credit
5. Allow for Profiling of fusers, and service providers while creating market linkages
6. Offer Guarantee of payments until the service is provided
7. Allow for verification of users and service providers
8. Use data to Provide a feedback service for both users and service providers. https://akellobanker.com/
Quantitative Result of the Innovation
Since its inception in 2017, Quest has facilitated credit worth 4 Billion Shillings to small holder farmers and MSMES and has since onboarded over 50 Savings and Credit Cooperative societies (SACCOS) and over 150,000 users, who include youth, women, disabled, farmers, traders and men on to its digital platform. They have with Partners Like Standard bank as a channel partner for delivering Credit to over 5 SACCOS under the one farm Proof of Concept. With Support from UNCDF, USAID and UNDP, we also currently implementing similar models in agriculture sector.
Border Area
Elegu-Nimule (Uganda and South Sudan)
Region
Southern Africa
Organization
Quest Digital
Address: Ludsaka, Zambia admin@quest.co.zm
Tel:+260 211 267 195
Consent/Link
Consent to share form or official link.