Updated Jul 27, 2019

myAgro

Mobile Layaway for Smallholder Farmers

http://www.myagro.org

Myagro Farms

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Stage 4: Transition to Scale

Registered in Mali.

Focus Areas:

Agriculture, Economic Growth and Trade, Seeds & Stock and 3 MoreSEE ALL

Agriculture, Economic Growth and Trade, Seeds & Stock, Social & Micro Finance, Digital Finance and TechnologySEE LESS

Implemented In:

Senegal and Mali

Senegal and MaliSEE LESS

2
Countries Implemented In
Verified Funding
?

Innovation Description

myAgro's mobile layaway platform enables smallholder farmers to save for seed and fertilizer purchases during the planting season when they have the greatest need for cash. When a farmer buys a myAgro card, a text message with the card’s code and amount is sent to myAgro’s database, and myAgro allocates the amount to the farmer’s account. With $150,000 in DIV funding, mAgro is expanding its program to reach 30,000 farmers by 2018 and increasing the financing amount each farmer can access.

Milestones

Aug 2019
Funds RaisedVERIFIED
$100,000
TYPEGrant
FOCUS AREAS
Agriculture
IMPLEMENTED INMali
Jun 2017
Funds RaisedVERIFIED
$22,650
Dec 2016
Funds RaisedVERIFIED
$67,450
Date Unknown
Created
Date Unknown
New Country Implemented In
Mali
Date Unknown
New Country Implemented In
Senegal