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Bridging the Financing Gap for Agriculture Cooperatives Through Data-driven Decision-making in Senegal

In 2019, United Nations Capital Development Fund (UNCDF) wanted to explore how data driven decision-making and new dimensions of information could reduce the risk of lending to the youth segment – in particular those working in agriculture – providing alternatives for those who do not have traditional credit records. UNCDF has partnered with Dimagi and Baobab Sénégal to pilot an existing digital solution dedicated to the agriculture sector to reduce the information asymmetry between agri-cooperatives and financial service providers (FSPs) when it comes to lending decisions. Read more about their findings here.

The UN Capital Development Fund makes public and private finance work for the poor in the world’s 47 least developed countries (LDCs). With its capital mandate and instruments, UNCDF offers “last mile” finance models that unlock public and private resources, especially at the domestic level, to reduce poverty and support local economic development.