"DELIVERING THE POWER OF CHANGE IN THE HANDS OF THE POOR"
We are redefining access to inclusive services and products for over 2.2 billion farmers, traders, youth, women and the disabled persons who need to engage in productive agriculture & trade, yet lack access to financing, resources, and equipment to boost the production and productivity of their farm and non-farm enterprises.
To create a world where every individual has access to affordable services and Products.
Leverage Data & Mobile Tech to build the capacity of low income earners to access inclusive services and products, any time any where.
TEAM: Leverage Collective Genius
HOPE:Renew People’s Dreams
EXECUTION: Act First & Fast
DIVERSITY: As Inclusive As Our Products
EXCELLENCE: Whatever You do, Do it well.
ACCOUNTABILITY: If it is to be,It is up to Me
LEADERSHIP:The Courage to shape a better Future
To use Data & Mobile Tech to enable 3Million Low Income Earners (Farmers and Traders) To access products and services (Medical services, tractor hire services, improved seed & Groceries) on credit.
Over 80% of the Ugandan workforce relies on agriculture from their livelihood, yet those involved in the sector struggle to increase their production and productivity due to limited access to credit services. Credit is a key catalyst to production, yet less than 10% of the commercial bank credit is channeled towards the agricultural sector. The commercial banks have sighted lending to farmers as risky, due to lack of collateral and financial history to facilitate credit. According to the Uganda Demand analysis Report by MANAGE, it is indicated that 99.4% of smallholder farmers in Uganda use traditional, rudimentary and obsolete technologies and methodologies for farm operations which practices have contributed to low farm output.
We are committed to catalyzing a new wave of prosperity, the wave that will bring greater economic and social progress among low income earners. Financial services are central to the lives of Humans. It allows Peopke and communities to participate in the economy, access services, seize opportunities, build resilience, and pursue their dreams.
Unlike other financial service providers who rely on financial information to issue cash credit to farmers, at Akellobanker, we use data-enabled mobile technologies to offer products and services on credit. The platform is USSD, SMS & mobile money driven and utilizes credit scores as a basis for instant credit underwriting to borrowers. This makes us Inclusive, Accessible & Convenient.
Our unique delivery channels which include partnerships with the rural financial service providers, specifically SACCOS and merchants such as seed service providers, tractor providers and medical providers who are established in the community make us stronger. These service providers are key in enabling us to profile users, manage credit and conduct digital literacy. This helps in easing access, usage and uptake of the platform hence reducing transaction time, reducing the credit risk rate and risks associated with falsified data/credit scores from self-assessment.
OUR CALL TO SDGS
End poverty in all its forms everywhere
End hunger, achieve food security and improved nutrition and promote sustainable agriculture
Ensure healthy lives and promote well-being for all at all ages
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all