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.