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 problem, Social Lender has collaborated with OCP Africa to bring financial services to many Nigerians. The...
Source: guardian.ng