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Posts published in “Financing”

Financing major hindrance to Upscaling Smart Water Technologies

Prof. Bancy makes a presentation
Prof. Bancy makes a presentation

The Smart water for Agriculture (SWA) project stakeholders have acknowledged that irrigation and smart water use in one of the essential ways of reducing risk in agriculture, making farming less rainfall dependent and more profitable. However, the adoption or acquisition of the smart water technologies has financial implications on irrigation technology provides in their efforts to reach smallholder farmers across the country. 

However, these enterprises usually fall into the “missing middle” in agricultural finance. This, according to the stakeholders, is as a result of being seen as too small and too risky to most Financial Service Providers (FSPs) who resort to high collateral requirements that these enterprises often don’t have or charging inflated “risk premium” interest rates that are unaffordable. read more

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