Agribusiness Development Centre (ADC), Laboremus Uganda, an IT solution company and Rabobank with support from DFCU bank have today launched a Technology solution for cooperative dairy farmers in Uganda to help them efficiently manage their businesses and access affordable capital.
Emata Solution, developed in 2017 by Laboremus is a farmer based IT system that seeks to help farmers access affordable loans by offering them a platform that will make them more bankable by formalizing information about their businesses, access information, as well as receiving expert training.
Speaking at the agreement signing ceremony held at the DFCU Bank head officer in Kampala, the Executive Director ADC, Anja Feijter said the program will be implemented through dairy cooperatives through which farmers can be contacted, trained in financial literacy and connected to financial institutions that can help them with affordable agricultural loans
“Through Emata, ADC cooperatives will gather information about the productivity of their farmers, as well as understand which farmers are performing well and which require more training,” She said.
According to her, the project will Start in Central Uganda with three pilot dairy cooperatives but will later be rolled out to different parts of the country with a target of reaching over 400 dairy cooperatives.
Bram Van den Bosch, Managing Director Laboremus Uganda said the Emata Solution was largely made to help cooperatives manage its members better as it increases transparency and turns risky bulk cash transactions into safe one click digital payments.
“On top of that, Emata provides greatly needed insights into the daily dairy operations. This helps farmers and cooperatives make better and informed decisions” he said
According to Bram, the collaboration between these organizations will largely improve the potential and future of dairy farming in Uganda.
“Through Smart Use of both technology and field training, we believe our partnership will build a foundation on which farmers and cooperatives can grow stronger, more efficient and prosperous” he said.
Pin Mol, the managing Director Rabobank foundation said this system will help farmers to access affordable loans because it will provide banks with credible information on the farmers, their credit worth and loan capacity hence reducing the risks of loan recovery which will in the end reduce the cost of loans
ADC was set up by DFCU Bank abs Rabobank Foundation with a sole purpose of training farmer based organizations and SMEs in agribusiness.