AWARD YEAR
2017
CATEGORY
Work
GOALS
Innovative Financial System
KEYWORDS
agriculture, food production, agriculture technology
COUNTRY
Kenya
DESIGNED BY
Founder: Sara Menker
WEBSITE
https://gro-intelligence.com/
Clews
Data-driven lending that could help african farmers feed the world
A lack of reliable data on agriculture in Africa has hobbled investment and growth in the sector. Africa has more than half of the world’s unused arable land, and 65% of the continent’s workforce works in agriculture. Yet less than 1% of outstanding commercial bank loans actually go to the agricultural sector.
Gro Intelligence aims to change that. The company’s cloud-based software platform, Clews, sifts through a constantly updated stream of food and agriculture data never before accessible in one place—satellite imagery, government and industry reports, weather forecasts, and reports directly from small farmers—and allows users to ask simply worded questions about things like crop yields, weather, consumption, and prices in near real time.
In addition to helping financial industry customers analyse opportunities, Gro Intelligence helps government policy makers, farmers, buyers, food processors, and logistics providers to plan, invest, and forecast with unprecedented accuracy.