Credit Scoring for Smallholder Farmers: Lessons from Uganda
June 20 @ 9:30 am - 10:30 am
In Uganda, only 10 percent of smallholder farmers have an account with a formal financial institution, and access to credit remains low. Many financial service providers see smallholders as a risky segment, partly because they lack the data and information needed to identify high-potential customers and their borrowing capacity. As a result, financial institutions are unable to make lending decisions at scale, and much-needed credit is restricted.
Earlier this year, CGAP partnered with FinTech firm Harvesting to support PRIDE Microfinance, Uganda’s largest microfinance institution. Our work focused on developing an effective credit scoring mechanism using traditional and alternative data sources. In this webinar, we will discuss challenges in credit scoring for smallholder farmers and present lessons learned from our initiative.
Nathan Were, CGAP | With 12 years of experience in agriculture and rural finance, Nathan Were leads CGAP’s smallholder work in Uganda and Tanzania, working with providers to design innovations that address the financial needs of smallholder families. He is also a faculty member at Boulder Institute of Microfinance.
Sylver Kyeyune, PRIDE Microfinance | Sylver Kyeyune has over 10 years of experience in microfinance services. He currently leads the risk management function at PRIDE Microfinance, working to ensure inherent risks are managed and conscientiously mitigated. He is a certified ISO 31000 risk manager, with a certification in big data and data analytics, and a holder of an MBA in finance from Makerere University.
Howard Miller, Harvesting |Howard Miller is the director of client strategy at Harvesting. He previously worked as a consultant on rural financial inclusion for CGAP, MasterCard Foundation, FSD Africa, and others. He is based in Bangalore, India.