Strategic Partnership with Bank of Agriculture to Provide Farmer Financing
New partnership enables data-driven lending decisions, helping smallholder farmers access the credit they need for inputs and equipment.
Bridging the Agricultural Finance Gap
Crane & Ceeshar AgTech has partnered with the Bank of Agriculture (BOA) to revolutionize how smallholder farmers access credit. This strategic partnership combines our farm data analytics with BOA's financial services to create a new model for agricultural lending.
The Challenge
Smallholder farmers often struggle to access formal credit due to lack of documentation, collateral, and credit history. This forces them to rely on informal lenders with high interest rates or forgo investments that could improve their productivity.
Our Solution
By integrating our farming data platform with BOA's loan management systems, we can:
- Create digital farm profiles that serve as alternative credit scores
- Track crop performance to predict loan repayment capacity
- Monitor weather and market conditions to adjust loan terms dynamically
- Enable insurance products linked to actual farm conditions
Initial Rollout
The partnership will initially focus on rice, maize, and cassava farmers in the North Central and South West regions. We expect to facilitate over ₦5 billion in agricultural loans during the first year.
"This partnership represents a new era in agricultural finance. By combining technology with traditional banking, we can serve farmers who were previously considered unbankable."