Mission

If you are small farmer in East Africa, a $100 loan could double your annual income. Yet, the cost of money is too high. Perceived as high-risk, and without any evidence of their day-to-day business, lenders often demand interest rates of over 200% APR. If rural and informal economies around the world are to grow and transform, we have to drive down the cost of money. For the last year, Boresha has been building people-friendly technology which allows small farms and food businesses to get loans on favourable terms. When a business uses our simplified book-keeping tool, we provide a free line of credit. As we build their financial footprint together, our network of 3rd party banks and lenders provide larger financing options at significant discounts. With the support of Fintech experts in Silicon Valley, the UK, Uganda, and Kenya, we have successfully field-tested our solution in Uganda. Users have raved about how useful it is to have all of their financial history available at the press of a button, and we are just starting to release the first no-cost loans to our pilot clients. This is where we need you. We are so focused on the nitty-gritty details of making this thing work, that we've done a relatively poor job of telling our story to the world at large. This cause could really use some pimping! Lots of love, J

Category

Poverty Alleviation

Additional Information

Smallholder agriculture is one of the world's largest sectors, largest employers, and a critical source of food for billions. Boresha Tech is focusing on agricultural markets in East and Southern Africa, and will later scale up its solution to parts of Asia and the Americas.