Kukula Agro Finance
Kukula Agro Finance is a very innovative fintech company providing cash against flexible repayment via commodities. The company is actively involved in lending and/or providing agricultural inputs to 1,500 farmers (up from 800 in 2021) and is projected to grow to 5,000 in 2025.
The company is actively involved in lending and/or providing agricultural inputs to 1,500 farmers (up from 800 in 2021) and is projected to grow to 5,000 in 2025.
About 70% of the farmers it is working with are BoP. In 2022 the company had a lending of ZMW 34.4 million ($2 million), up from ZMW 8.6 million ($0.5 million) in 2021 and is projected to grow to ZMW 170 million ($10 million) by 2025. The company has good and flexible pricing. Commodity finance is a highly relevant product design for the BoP.