MyAgro – Loan

Venture: myAgro helps farmers increase their yield and income by using the ubiquity of mobile phones to help them save money.
How the investment helped: myAgro’s increasing scale meant that the organization required a larger working capital facility than prior years. Well-timed working capital saved myAgro and their farmers an additional 30% of interest, which would have otherwise been owed to input providers.
Amount: $1,500,000
Type: Loan