FMO – Access to Finance for Smallholder farmers – Creating Your Own Credit Score
Posted on 21 april 2017
Corianne van Veen, Lonneke Notenboom, Claire Nyambori, Michelle Munteanu
Smallholder farmers in Kenya often face difficulties obtaining a loan to support their businesses because they lack the credit history and collateral necessary to gain the trust of financial institutions. We seek to bridge this credit gap by creating an alternative credit score. This is based on data collected through participation in online financial and entrepreneurial training and additional personal and farming data. This ‘new’ credit score will lead to better-informed lending decisions for smallholders farmers.