Commitments to action

Mastercard & Rabobank Partnership for digital agri value chains

Rabobank, Mastercard

As part of the Ag Fin Working Group led by Queen of the Netherlands Maxima, Mastercard and Rabobank developed a data-driven and digital ecosystem. In this fruitful collaboration Rabobank builds upon the existing technology of Mastercard, adding credit scoring and lending capabilities to a platform, in order to enable all players in the Food & Agri value chain to connect & transact through an interoperable, data-driven and digital ecosystem. This caters for a more transparent, more honest and future-proof world for the smallholder farmer and all other players in the value chain. Currently we are in an almost final stage of piloting the platform in Kenya, where the goal is to develop partnerships between buyers and banks to share risk and responsibility and use technology to reduce risk and enable scale across multiple geographies and multiple crops. A key part of the concept is to create a data-sharing capability that allows both bank/lender and trader/buyer to use each other’s knowledge of the farmer and the cooperative to reduce default risk while providing affordable finance.

Constituency

Producer organizations, Private sector

Action Area(s)

Advance Equitable Livelihoods, Decent Work, & Empowered Communities

Location

Middle Africa, Southern Africa

Key contact

David Gerbrands, Rabobank, Mastercard
[email protected]

Keywords

Smallholder Farmers, Ag & Fin Tech, Digital Ecosystem