unlocking smallholder assets: warehouse receipts …...unlocking smallholder assets: warehouse...
TRANSCRIPT
Like us on Facebookfacebook.com/agrilinks
Participate during the seminar:
Follow us on Twittertwitter.com/agrilinks
#AgEvents
Unlocking Smallholder Assets:
Warehouse Receipts and ICT
Speakers
Judy Payne, USAID Bureau for Food Security
Scott Haller, USAID Development Credit Authority
Erin Connor, Grameen Foundation
Facilitator
Zachary Baquet, USAID Bureau for Food SecurityMay 28, 2014
FACILITATING ACCESS TO FINANCE AND
MARKETS:
AN E-WAREHOUSE PILOT FOR KENYAN
FARMERS
E-WAREHOUSE PILOT
Leveraging technology to connect farmers to
information services, financing, and markets
E-WAREHOUSE
FARMER PROFILE
Farm size: 2 acres
84% likelihood under $2.50/day
Primary crops: maize, beans
Last Harvest:
Harvested 8 bags; sold 4
Stored crops in plastic bags at home
Sold bags 1 month after harvest at a
local market
Has never received training on post-
harvest management
No credit history
Top 3 information needs: post-harvest
handling, market information, pest
managementJENIFER KARIUKI MUKETHA
CHALLENGES FACED BY
SMALLHOLDER MAIZE FARMERS
INADEQUATE CROP STORAGE
• Allow farmers to delay sale through facilitation of advances against stored grain
LACK OF ACCESS TO FINANCIAL SERVICES
• Provide market information to farmers
• Enable farmers to virtually store and collectively sell at higher prices
LIMITED MARKET ACCESS
• Provide information and training on proper post-harvest storage practices
E-WAREHOUSE SOLUTIONS
HOW IT WORKS:
PRE-HARVEST1
TWO-WAY INFORMATION FLOWS
AGRONOMIC INFORMATION: FARMER REGISTRATION:
• Maize
• Beans
• Cow peas
• Pigeon peas
• Black beans
• Green grams
• Post-harvest
management
HOW IT WORKS: HARVEST
TIME2
HARVEST/
LOAN SURVEY
BANK
Farmer details and information on
quantity and value stored in e-
Warehouse
Issue advance of 50% of
value of grain at
prevailing market price
HOW IT WORKS:
POST-HARVEST3
• On-farm/group/village-level
storage
• Verification checks (mobile
app & farmer groups)
• Market price SMS updates
• Buyer forums and connection
to markets facilitated
BI-WEEKLY PRICE
UPDATE
STOCK MONITORING SURVEY
HOW IT WORKS:
SALE TIME4
SMS CONFIRMATION OF
SALES AND PAYMENT
BANK
Sale details
entered
Farmer loans repaid and balance transferred
via mobile money
SALE SURVEY
WHERE ARE WE NOW?
VKWs recruited and trained
Agronomic content and FCI training digitized and delivered through VKW
network
Mobile survey (registration, harvest, sale) applications and e-warehouse
database developed
Over 5,000 farmers registered in e-warehouse; baseline information collected
Financial product developed and extended in select CVs
• Among the farmers that accessed financing, they sold their grain at prices 35% higher
than at harvest time and realized net financial gain of over 30%
SMS & M-Pesa integration with e-Warehouse developed
M&E Dashboard in development
Program Re-Design for v2.0 underway
LESSONS LEARNED
Challenges in delivering ICT solutions tied to harvest timelines
Unrealistic to provide a fully integrated model and offering by first harvest;
need to stagger tech development and product offering
Need to incorporate change management into program design
There is tremendous demand for more affordable and secure storage
facilities at the village level (general discomfort with home storage)
Financial sustainability: need to prove concept and value to VC players
before able to generate revenue
Build in a budget for the FSP to ensure prioritization of the program until
commercial viability is proven
Human-centered design should be incorporated into technology
development and agricultural offering as well as financial services
Questions
Bullet points
QUESTIONS?
Thank you for joining us!
Upcoming EventsShare Feedback Stay In Touch
Agrilinks and the AG Sector Council Seminar Series are products of the USAID Bureau for Food Security under the Feed
the Future Knowledge-Driven Agricultural Development (KDAD) project.
Take a moment to
respond to our Polls.
You can also visit
the event page to
post comments &
questions.
Contact Us:
OR
Julie MacCartee,
USAID/BFS
Ag Sector Council
Livestock | June 18
#AskAg Twitter Chat
Livestock | June 24
Thank You