The Alliance for a Green Revolution in Africa (AGRA) has made a $500,000 grant to be disbursed over a 3 year period to Umati Capital to support smallholder farmers under Umati Capital's Supply Chain Financing (SCF) product, which is accessible via a software application.
The App is called Umati Application it is only available to their clients, in this case; smallholder farmers. With SCF, farmers can now sell to more professional buyers who offer better prices but have delayed payments as opposed to selling to informal traders who pay cash on delivery but offer low prices. This product will, therefore, streamline cash flows for smallholder farmers offer the much needed financial cushion during the waiting periods..
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