QUALITY INPUTS CHALLENGE; Uganda
PROVEN INTERVENTION TO BE DISTRIBUTED
Quality agricultural inputs
Learn more about the Quality Inputs Challenge and why an evidence-based model that distributes high-quality seeds could reliably boost the standard of living for smallholder farmers.
DISTRIBUTION MODEL INNOVATION
Farmerstack helps smallholder farmers achieve a more profitable harvest, 2 - 3X better than their average counterparts.
Farmstack’s model pairs asset-based loans with flexible repayment to meet the financing needs of smallholder farmers, who earn the majority of their income after harvest. Instead of providing cash loans, farmers borrow a stack or bundle of top-quality agricultural inputs valued between $100 to $200 per acre and repay the loan within four months after the harvest.
Farmerstack offers a flexible loan repayment system. Clients have only two deadlines: a 10% down payment to receive the loan bundle and a final repayment after the harvest. After the down payment, farmers can make smaller, manageable repayments on their own schedule throughout the season. This flexibility helps them stay on top of their loans and reduces post-harvest pressure.
Farmerstack organizes small-scale farmers and transform them into successful commercial farmers. Currently, Farmerstack is piloting its program in West Budama Central, Tororo district, Eastern Uganda.
Farmerstack was started in 2023 by Phillip SAJJA and Peter ONDUR. Phillip serves as Farmerstack's full-time CEO and Peter is Farmerstack’s full-time CTO. As young boys, they recognized the value of farming, albeit at a subsistence level. Now, as adult farmers, they are determined to make farming more productive and valuable for millions of small-scale farmers through Farmerstack.
PILOT AND SCALING GOALS
Directly reach 200 smallholder farmers, offer affordable credit rates, lend to them, and ensure a repayment rate of 97% or higher within three months.
Distribute 200 bundles of high-quality inputs to smallholder farmers, using 5 high-performing distribution officers.
Fundraise an additional $30,000 USD within three months from new donors, investors or commercial credit
FOUNDING TEAM
Phillip Sajja - CEO
Peter Ondur - CTO