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PEOPLE . TECHNOLOGY . SUSTAINABILITY . Talk to Us
PEOPLE . TECHNOLOGY . SUSTAINABILITY . Talk to Us
PEOPLE . TECHNOLOGY . SUSTAINABILITY . Talk to Us
Fortune Connect is a digital financial inclusion hub enabling farmers to access market information, technical knowledge, financial literacy, and financial access tools for credit and insurance in Kenya.
Fortune Connect Innovation was started in 2021 and incubated by Fortune Credit before roll out to several places in rural Kenya.
Small Scale farmers produce over 80 per cent of the food, and, 30 per cent GDP, in Kenya. Every 1 per cent in agricultural production translates to 1.6 per cent GDP growth. These farmers have largely been left out of financial, insurance and technical services– thereby surviving without infrastructure, quality and affordable farm inputs or means to adequately mitigate against adverse weather conditions and other risks.
Fortune Connect Innovation is built on block-chain technology that integrates small scale farmers, farm input suppliers, financial institutions, insurance providers and off takers into an online ecosystem. The system enables all stakeholders to interact and transact seamlessly in a synchronized and secure system that streamlines the whole agriculture value chain from farm to market.
We work in partnership with a network of village based champions and stakeholders in the agribusiness value chain.Through this, we have achieved significant change in improving livelihoods of small scale farmers in some far – flung Arid and Semi -Arid Lands covering 11 counties in Kenya. We have recruited, trained and empowered over 10,000 farmers comprising 70 and 30 per cent women and youth respectively. This development has had a direct multiplier socio economic effect on livelihoods of over 30,000 people, going by three people per household.
We seek to continue increasing farmer productivity by reducing production cost and securing guaranteed payment with steady product prices and access to finance and insurance to expanded agri – ventures.