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Solving the Credit Impasse: How Big Data and AI are Generating Funding Opportunities for Smallholder Farmers in Africa
Smallholder farmers provide over 80% of the food in much of the developing world, making a major contribution to poverty reduction and food security. Yet as Iftin Fatah at the U.S. International Development Finance Corporation points out, in Africa, less than 3% of total bank lending goes to the sector – even though it accounts for about 70% of all employment and over 40% of GDP. She explores some innovative, tech-driven solutions to this perennial problem.
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- Agriculture, Technology