Better access to credit leads to increased investment in production through higher quality inputs and better tools. It has proven to improve farmers' productivity and is considered one major prerequisite to helping smallholder farmers and remote rural population groups escape the poverty trap. Yet, smallholder farmers in Ghana, the majority of whom are women have very limited or no access to this much-needed finance for their projects and activities. Less than 14% of rural farmers in Ghana gain access to formal and available credit. This adversely affects the profitability and sustainability of their farming businesses.
AgroTrack seeks to bridge the financing gap by providing a platform where financial institutions can obtain credible and verifiable data about smallholder farmers for the purposes of mitigating the credit risk associated with lending to these farmers.
To help smallholder farmers transform their farms into profitable businesses that supply local and national markets via access to cheaper funding.