Dealflow | February 10, 2017

Safaricom backs FarmDrive to improve small farmers’ access to credit

The team at


The dominant Kenyan mobile provider Safaricom provided a small convertible loan to FarmDrive, which helps small-scale farmers access loans.

FarmDrive analyzes income streams, expenses and crop yields and assigns farmers a credit score.

Credit enables farmers to invest in farming equipment and practices to boost productivity and income.

Safaricom’s investment came from its $1 million Spark Fund, which has made five early-stage mobile investments. SafariCom plans to launch a second fund.