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funding gap emerging markets
Ghana

Farmerline

  • Farmerline
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  • Farmerline, a social enterprise in Ghana, supports 3,985 small-scale farmers by offering agricultural machinery and fertilizer on credit. This direct loan to Farmerline, selected by an external partner, facilitates sustainable agriculture and improves the livelihoods of the farmers.

    €150,000
    Amount
    6.50%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€150,000
    Interest6.50%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 10 days on 24 April 2024.

      The project


      This is a direct loan to the company Farmerline, selected by an external partner.
       

      This loan will help Farmerline finance affordable fertilizers and equipment like tractors for 3,985 smallholder farmers, directly delivering these agro-inputs to their doorstep - while paying on credit. Farmerline, based in Ghana, is dedicated to empowering smallholder farmers to make agriculture profitable and sustainable. Take Farmer Sam, for example, he benefited from receiving fertilizers on credit and later used Farmerline’s services to access the latest market prices on his phone, ensuring he could sell his produce at a fair price and protect himself from middlemen exploitation.

      By educating farmers on climate-smart agriculture, Farmerline promotes sustainable farming techniques that improve soil health, water efficiency, and crop resilience. Moreover, Farmerline's Mergdata offers voice-call services in local languages for farmers often lacking mobile data, providing them access to real-time weather forecasts, market trends, and expert advice. This helps them make informed decisions, increasing yields and profitability, much like it did for Sam. Overall, Farmerline’s comprehensive approach supports farmers' success in a challenging agricultural landscape, ensuring economic stability and environmental sustainability.

      Watch how farmer Salima transformed her life and family's future through perseverance and help from Farmerline in Ghana:

       

      What social return could your investment make?

      Farmerline boosts smallholder farming by enhancing agricultural productivity and improving livelihoods. It connects over 123,000 farmers globally through its innovative Mergdata software. The platform supports agribusinesses, food manufacturers, NGOs, and governments with crucial data for ensuring farmers worldwide achieve sustainable profits. By directly sourcing from smallholder farms and bypassing middlemen, Farmerline connects tens of thousands of farmers to markets and offers comprehensive training, significantly increasing their net profits and advocating for climate-smart practices. With 51% of its clientele being women, Farmerline addresses gender gaps in rural areas, promoting economic growth alongside sustainable agriculture.

       

      What financial return could your investment generate? 

      • Annual interest rate 6.5%
      • The maturity of the loan is 36 months
      • Grace period: There is a 12-month grace period. This means the first repayment of your investment will be made after 18 months. After that, there will be a repayment every 6 months.
      • With an investment of 1,000 euros, your expected total repayment would be 1.124 euros


       

      The story of Farmerline

      Agriculture significantly contributes to the economy of Ghana, accounting for around 20% of the Gross Domestic Product (GDP) and providing employment for nearly half of the workforce. The sector, primarily made up of small, traditionally family-run farms, faces numerous challenges, including access to quality seeds, lands, credit facilities, and markets.

      Farmerline is a Ghanaian agri-technology company founded in 2013, dedicated to improving the livelihoods of farmers in Africa. It addresses these agricultural challenges by connecting over one million farmers across 33 countries to essential agricultural information and services via mobile technology. 

      Company nameFarmerline
      CEOAlloysius Attah
      Founded2012-02-10
      LocationAccra
      SectorAgriculture
      Turnover€13,900,515
      Employees76
      Credit scoreB

      Impact

      Farmerline is reshaping the lives of smallholder farmers into entrepreneurs with their inventive solutions. They deliver crucial services and data that significantly uplift farmers' productivity and livelihoods, fueling better income and job opportunities. With a vision of securing lasting profits for farmers through technology, Farmerline has already made a great impact:

      - Digitally connected over 123,000 farmers, extending their innovative Mergdata software to over 1.7 million farmers globally, aiding them in navigating the challenges of modern agriculture.

      - Enhanced the agricultural value chain by:

      • Directly sourcing from farmers, cutting out middlemen.
      • Successfully connecting 30,000 farmers to the market in 2021 and another 20,100 in 2022, which translates to about 39% of their clientele.

      - Committed to empowering farmers with knowledge and skills through:

      • Comprehensive training programs aimed at bridging education and literacy gaps, boosting productivity, and ensuring food security.

      - Enrolled all farmers in training sessions, with 18 farmers' groups and 419 individual farmers trained in Q4 2022 alone, nearly half of whom were women.

      - Achieved a fivefold increase in net profits per acre for key crops between 2019 and 2021.

      - With a focus on environmental sustainability, Farmerline promotes climate-smart agriculture, aiming to create resilient food systems that are both ecologically sound and socially beneficial.

      - With 51% of its direct clients being women, Farmerline supports the most vulnerable gender in rural areas, thereby reducing the gender gap.

      Through their initiatives, Farmerline does more than just equip farmers with the necessary tools and insights for improved farming methods; they also advocate for a sustainable agricultural future. This approach combines economic growth with a dedication to environmental responsibility.


       

      • With this investment 3985 lives are improved

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      We have already contributed to Farmerline

      Wilgert Velinga
      Danny Honig
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      540
      investors