VunaPay
Vunapay
Solution Overview & Benefits
VunaPay works with agricultural cooperatives to provide an end-to-end produce and farm inputs management solution. When farmers deliver produce to the cooperative, VunaPay calculates their payout amount and instantly disburses it through a financial partner. The cooperative then repays VunaPay once they sell the produce. VunaPay has helped build trust between farmers and the platform, and has improved the financial security and liquidity for farmers.
History & Development
VunaPay facilitates instant payment to smallholder farmers for produce delivered to the Agricultural Cooperative or other farmer collective. They work through agricultural cooperatives by offering them an end-to-end produce and farm inputs management solution. When farmers drop off produce at the cooperative, the system instantly calculates their qualified payout amount, less any credit extended. The onboard financial partners then disburse the payout instantly through the platform, which is repaid by the cooperative once they sell the collected produce. VunaPay collects the fee at this stage. They do not provide loans per se, but accelerate payment for produce already delivered.
Availability
- Countries available in: Kenya
- Publicly available around the world: no
- Price: contact solution provider
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