AgriConnect – Digitizing Farmers to Promote Financial Inclusion

The Uganda Development Bank Agri-Connect initiative is an innovative digital lending solution aimed at easing access to finance by smallholder farmers. The innovation provides a platform for Village Saving and Loans Associations (VSLAs) to digitally access short-term seasonal loans and save products at affordable rates to grow their agri-businesses. The application, approval, and disbursement processes are done digitally with the funds credited directly to the farmer’s e-mobile wallet. The project, which is currently being piloted in the Northern and West Nile regions of the country, will benefit over 1,000 households in the initial phase. The initiative is in partnership with Ensibuuko FinTech, the Food and Agriculture Program, the European Union, and the United Nations Capital Development Fund (UNCDF).