In Zambia, 80% of the 17.5 million population are dependent on agriculture for their livelihoods
with the sector, which has 1.6 million small holder farmers (SHF's), being the clearest way
to alleviate poverty in the country.
Agriculture finance is essentially the bedrock of the agricultural industry in that they
allow access to resources be it material or mechanical support which is essential for the
economy at large SHF's need access to finance to ensure a successful harvest and agro-dealers
act as middlemen who supply agriculture inputs to farmers with the aim of making a profit.
The problem that has come up lately is that agro-dealers in Zambia are rarely able to live
up to expectations as they often delay the supply of agriculture inputs to SHFs if at all as
both parties lack the adequate finance to ensure that they have all material needed for the
: +260971981697/ +260963148637 | : Plot 192/23a Makeni, Lusaka, Zambia.
Our solution is to develop a fin-tech platform called AgPay that will allow farmers to pay for
farming inputs such as fertilizer and enable them to access finance via mobile app and USSD.
The platform will also have provision for;
Micro-savings i.e. through banks.
Micro-credit i.e. farmers will be able to borrow money via our platform.
Micro Insurance i.e. farmers and agrodealers can protect themselves from risk with payouts made within
AgPay accounts are 'locked' meaning that transactions are solely used for the purchase of agriculture
inputs. In addition, stakeholders such as donor agencies can use our platform to provide finance to
farmers and agro-dealers with the provision to access transaction records. Also, government through the
Ministry of Agriculture and the Ministry of Finance can have an efficient way of providing finance to
farmers via our platform.
Once funds are disbursed in their AgPay mobile wallets, farmers, more so those in rural low-income communities,
will be notified and will be able to carry out transactions needed to purchase agricultural inputs.