Over 100,000 farmers benefit from Social Lender-OCP Africa collaboration
Over 100,000 smallholder farmers received personalised financial services from a smart funding initiative of Social Lender, a fintech company, and OCP Africa, a fertilizer company. More than 60 per cent of smallholder farmers in Nigeria do not have Bank Verification Number (BVN) and are currently unbanked or under-banked. The absence of BVN is one of many indicators of financial exclusion. This has led to widening economic exclusion and poverty among farmers and others. To alleviate this proble...
Source: guardian.ng