We considered the following parts before we started to design the
mockup.
Context when? where? who? why?
By 2030, one of the UN SDG goals of "Zero Hunger" is to double the
agricultural productivity and incomes of small-scale food producers,
in particular women, indigenous peoples, family farmers, pastoralists
and fishers. However, small-scale food producers can face challenges
to have full access to resources during production activities,
including access to land, knowledge and technical skills, financial
services, markets and opportunities for value addition and non-farm
employment, and this makes .
Among all these issues, we consider access to adequate financial
services the most important factor to sustainably increase incomes of
small-scale food producers, because they can start agriculture
production only when they have seed capital to buy equipment or adopt
new technology to enhance production. In addition, because they
themselves are also one of the important elements of labor production
and their production process is greatly affected by nature, they need
agricultural production and commercial health insurance to withstand
risks.
Unfortunately, we notice it is not easy for them to apply for loans
from traditional financial institutions because of lacking credit
history, proper proof of repayment plan or collateral. Therefore, this
project is to help small-scale food producers by improving financial
inclusion in developing countries.And traditional commercial insurance
rarely involves agricultural production. Farmers are also very
reluctant to afford the generally high commercial health insurance.
Therefore, this project is to help the small-scale food producers by
improving financial inclusion in developing countries.
Target for whom?
This project is firstly targeted on smallholder farmers because they are
directly related to the supply of main crops for people in unprivileged
countries.
Service offered what? how?
We will provide crowd-lending services by engaging citizens in any
country, that is Lenders, who have available funds could be the
lenders to help small-scale producers. Here are our steps:
We will help the Borrowers to create a funding project profile,
specifying their products, harvest, amount of funds needed, repayment
plan, etc.
We will create a team especially to evaluate project risk and then
publish the data on our app, so that investors can see it intuitively.
We will also track the whole progress of the project to give
confidence to the investors.
