• Contact Us
  • About Us
  • Advertise
  • Donate
  • Login
Watchdog Uganda
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News
No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News
No Result
View All Result
Watchdog Uganda
No Result
View All Result

Access to data to spur innovations in smallholder finance in Uganda

Watchdog Uganda by Watchdog Uganda
7 years ago
in News, Technology
2 0

Warning: Trying to access array offset on value of type bool in /home/90/81/2028190/web/wp-content/themes/jnews/class/Image/ImageNormalLoad.php on line 70

Warning: Trying to access array offset on value of type bool in /home/90/81/2028190/web/wp-content/themes/jnews/class/Image/ImageNormalLoad.php on line 73
ShareTweetSendShare

Our reporter

The fourth Fintech4AG event that brings together stakeholders from agriculture, finance and technology sectors to discuss major trends at the intersection of agricultural finance and technology took place last Friday at Fairway Hotel in Kampala.

The quarterly event was hosted by CGAP, UNCDF MM4P and Laboremus Uganda.

The initiative seeks to create synergies to extend financial services to farmers in Uganda many of which do not have access to credit, savings, money transfers and insurance today.

Smallholder families constitute the single largest client group by livelihood living under less than $2 a day. Financial inclusion is constrained by the perceived risk of the agriculture sector and a lack of data that could help mitigate the risks associated with Agriculture.

Without the information needed to identify high potential customers, financial institutions are unable to make lending decisions at scale. By leveraging alternative data, financial service providers [FSPs] will be able to reach millions of smallholders at scale and low cost.

At the event the “Smallholder Families Data Hub” developed by CGAP was launched.

The CGAP data hub provides resources for stakeholders interested in developing financial products and services with a focus on smallholder farmers across several markets in Africa.

Mr. Nathan Were, the smallholder finance lead for Uganda, indicated that “this tool will help providers identify new opportunities to serve the large and diverse market in Uganda whose financial lives are often little understood”.

Mr. Were added that “Smallholder families make up one of the largest potential markets for financial services in many developing countries, but reliable data on their financial and agricultural lives are scarce. Through simple, interactive data visualizations, the CGAP Smallholder Families Data Hub puts at providers’ fingertips more than 300,000 data points from CGAP’s demand-side smallholder research, enabling them to look for promising business opportunities to develop products and serve these families”.

“This data show smallholder families in a new light and illuminate potential opportunities for providers to better serve their needs for financial solutions. For us at CGAP, they reinforce the diversity and importance of smallholder households to financial inclusion, highlighting the presence of young people, women, small- and medium-sized business owners and casual workers in this pivotal client group,” said Jamie Anderson, a senior financial sector specialist at CGAP who focuses on smallholder households.

The 4thFintech4AG event featured speakers from leading stakeholders such as; Gabrielle Rosenau, BLOOM Manager at Ibero Uganda Limited; Erin Boehmer, Data Scientist at Fenix International; Eric Agyei, Managing Director at MobiPayAgroSys Limited; and Robert Kintu, Managing Director at FIT Insights Limited.

At the event the newest technical innovations in the agriculture and finance space, such as WeFarm, TruTrade, Geo Gecko and FIT Insight Limited after the symposium.

With over 100 participants, this regular event plays an important role in solidifying the importance of agricultural finance in Uganda, which will eventually play an important role in improving the livelihoods of millions of Ugandans living in rural areas. One example is “Emata”, an innovative app developed by Laboremus Uganda in cooperation with UNCDF MM4P.

The app allows dairy cooperatives to improve their administration and transparency, but at the same time it collects valuable data on farmers that can be used to provide them with micro-credit as well as a number of other services. This in turn benefits the cooperatives and the milk sector as a whole since farmers have access to more capital to boost their productivity.

“Emata is unique in the sense that it provides much needed digitisation of cooperative records, but at the same time it gives milk farmers a credit history based on which further financial services can be provided,” says Timothy Musoke, Head of Technology at Laboremus.

“While we wait for the commercial banks to reach the remote rural areas, it is important to work through existing structures such as SACCOs and Cooperatives, and improve their management and organisation from the bottom up. Technology can make this possible”, he adds.


Do you have a story in your community or an opinion to share with us: Email us at editorial@watchdoguganda.com
ShareTweetSendShare

Related Posts

Business

CAN JOHN BOSCO MUWONGE CLAIM A SPOT AMONG AFRICA’S WEALTHIEST?

5th July 2025 at 18:09
Chancellor of Jinja Diocese and Bishop’s Secretary, Fr. Gerald Mutto
News

Preparations for St. Gonzaga Gonza Day celebrations complete 

4th July 2025 at 17:54
News

New business lounge commissioned at Entebbe International Airport

4th July 2025 at 16:40
Next Post

Photos: Entebbe International Airport floods like a slum

  • Prostitution in Uganda- Courtesy Photo

    10 dangerous hotspots known for prostitutes in Kampala

    1112 shares
    Share 445 Tweet 278
  • Silent Billionaire Bosco Muwonge Buys Mukwano Arcade at UGX 250 Billion Cash Down

    37 shares
    Share 15 Tweet 9
  • LIST: New salary structure for civil servants starting July 2020 out; scientists, lecturers get juicy pay rise

    2286 shares
    Share 914 Tweet 572
  • Uganda’s Billionaires 2025: Once Again Sudhir Ruparelia Leads a Resilient Pack

    44 shares
    Share 18 Tweet 11
  • LIST : Gov’t releases Revised Salary Structure for Teachers, Police, and Prisons Staff for FY 2024/2025

    120 shares
    Share 48 Tweet 30
Facebook Twitter

Contact Information

Watchdog Uganda is a portal for solution journalism, trending news plus cutting edge commentaries in the fields of politics, security, business, tourism, entertainment, technology, agriculture, climate change, environment, public health et al. We also give preference to Ugandan community news and topical discussions. The portal also publishes community news and topical discussions.

Email: editorial@watchdoguganda.com
To Advertise:Click here

Latest News

CAN JOHN BOSCO MUWONGE CLAIM A SPOT AMONG AFRICA’S WEALTHIEST?

5th July 2025 at 18:09
Bwanika Joseph

BWANIKA JOSEPH: The Ballot and the Briefcase, Uganda’s Corporate Workers Must Vote for Fairness and Dignity

5th July 2025 at 10:36

Check out

  • Trending
  • Comments
  • Latest
Minister Muruli Mukasa

LIST: New salary structure for civil servants starting July 2020 out; scientists, lecturers get juicy pay rise

24th May 2020 at 10:45
Pregnant woman

Shock as 17-year old boy impregnates his two sisters during Covid-19 lockdown 

17th June 2020 at 08:17
Sudhir Ruparelia is set to speak at business forum in United Kingdom

Billionaire Sudhir’s wisdom on how to invest in real estate

0

How a boy’s destiny turned from cotton grower to communications guru

0

CAN JOHN BOSCO MUWONGE CLAIM A SPOT AMONG AFRICA’S WEALTHIEST?

5th July 2025 at 18:09
Bwanika Joseph

BWANIKA JOSEPH: The Ballot and the Briefcase, Uganda’s Corporate Workers Must Vote for Fairness and Dignity

5th July 2025 at 10:36

© 2025 Watchdog Uganda

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News

© 2025 Watchdog Uganda