Financing solar water pumps and farming inputs
Innovation Type:
Water-Energy-Food
Product Segment:
Financial Solution
Country of Incorporation:
Zambia
Country of Implementation:
Zambia
Company Stage:
Stage 3: 1,001 to 10,000 end-users
Seeking Investment:
Yes, $500,000 USD
Financing Goals:
Seeking equity (angel investor, venture capital or private equity)
Contact Name:
Agripa Maposa
Contact Email:
Website:
Challenges
Smallholder farmers lack funds to purchase farming inputs and solar irrigation. If they had access to these resources, they could increase yields and sustainability in agricultural activities.
Solutions
Tiywane Money Solution provides tailored credit facilities, which enable small-scale farmers to access solar water pumps and premium agricultural inputs. These facilities include asset-based loans available to individuals or groups that mainly consists of cooperatives. When farmers are able to access the inputs and tools that they need to grow food it not only boosts crop yields but also elevates community incomes and fortifies them against climate change impacts.
