Solidaridad is Using Satellite Data to Access Funding for Ghana Farmers

Kenya's Lentera Is Fundraising To Scale Climate-smart Solutions For African Farmers 2

Solidaridad, an international civil society organisation, founded in 1969 for facilitating the development of socially responsible, ecologically sound and profitable supply chains, has established a savings and loans groups, tagged the Village Savings and Loan Association to help farmers in Ghana access financial support.

This project is possible through Solidaridad’s Satellite for Business project. Satellite for Business project is an interactive digital platform facilitating access to finance for smallholder cocoa and oil palm farmers by providing farmers’ credit scores to lending institutions to aid credit decisions. It also provides financial and advisory services to smallholder cocoa and oil-palm farmers in Ghana.  

The project is expected to last for three years (2019-2022) and is funded by the Netherland space office. 

The project was birthed to solve the financial constraints of smallholder farmers whilst aiding farmers with precision and reducing the risk involved in farming. The project is expected to impact 141,400 farmers.  

The platform also provides geo-based data (location of the farm, farm size, and total yield) to financial institutions to assist their credit decisions.

On the other hand, the farmers gain improved productivity by utilising advice received from the platform via calls, text messages and voice messages. The platform further improves farmers income by providing market information.

The program coordinator for Satellite for Business project, Akua Benewaa said: “So far, we have profiled and assessed the credit risk of over 50,000 consented farmers in the Eastern, Central, Western, Western North, Ashanti, Bono and Ahafo regions of Ghana”.

She further said that the data would be used to create tailored and low-risk portfolios for bankable smallholders. 

© Space in Africa 2020

All rights reserved. Any redistribution or reproduction of part or all of the contents in any form is prohibited. You may not, except with our express written permission, distribute or commercially exploit the content. Nor may you transmit it or store it in any other website or other forms of electronic retrieval system.


New Report: The 2020 Edition of African Space Industry Annual Report is now available. It presents data and analyses on projects, deals, partnership and investments across the continent. It also provides analyses on the growing demand for space technologies and data on the continent, the business opportunities it offers and the necessary regulatory environment in the various countries.

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.