Koltiva, a leading Indonesia AgriTech company, has joined the SME Finance Forum as its newest global member. The Forum, which consists of SME financing experts from over 80 countries, aims to expand access to finance for small businesses worldwide through knowledge exchange and innovation. Started in 2012 as an exploration phase, by 2016, the Forum had established a network of over 240 active member institutions operating in more than 190 countries with the common goal of supporting under-served enterprises.
Koltiva is committed to enabling inclusive, climate-smart, and traceable global supply chains by combining the triple-tech approach (AgriTech, FinTech, and ClimaTech) and boots-on-the-ground services to improve producers' outcomes and profitability while building more sustainable supply chains. Koltiva’s focus and commitment align with the goals of the SME Finance Forum.
"Hundreds of millions of smallholder producers have faced low remuneration for their hard work and prices for their produce, resulting in extreme poverty. While rural communities need financial services the most, they remain the largest unserved market for financial services. Providing financial inclusion in these areas can unlock the economic potential of rural regions, ultimately increasing household income and job opportunities," said Manfred Borer, CEO of Koltiva.
He added that with a strong vision to be the world's leading tech company in building ethical, transparent, and sustainable supply chains, Koltiva helps 6,000+ enterprises to digitize and verify global supply chains. At the same time, it supports 750,000+ smallholder producers to improve their farm productivity and increase annual income up to 4x higher.
Since 2013, Koltiva has accelerated the highest integrity and environmental responsibility to make global supply chains traceable, inclusive, and climate-smart. Its human-centered technology and ‘boots-on-the-ground services are designed to work in harmony with nature instead of harming it. Koltivais able to improve producers’ livelihood by providing access to climate-smart agriculture practices from our expert agronomists and business support teams, access to high-quality inputs, financial services, quality premiums, and access to a sustainable market.
By joining the SME Finance Forum, Koltiva aims to expand its services to unserved communities further and address the financial needs of rural communities.
"Access to finance can be a powerful tool to develop the rural economy, It is essentially important for smallholder producers and MSMEs (collectors, traders, agri-input shops) to have access to financial services such as credit, savings, and insurance to invest in their farm businesses. By joining the SME Finance Forum, we hope to expand our services to more unserved communities addressing the financial needs of rural communities." said Markus Sauter, Chief Financial Officer at Koltiva.
About SME Finance Forum
The SME Finance Forum was established by the G20 Global Partnership for Financial Inclusion (GPFI) in 2012 as a knowledge center for data, research, and best practice in promoting SME finance. As an implementing partner for the GPFI, the International Finance Corporation (IFC) was tasked with managing the initiative.The Forum operates a global membership network of +240 members that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs.
To see all SME Finance Forum members, please visit: https://www.smefinanceforum.org/members/member-list.
Established in 2013, Koltiva is a leading agritech company for enterprises to make their global supply chains traceable, inclusive, and climate-smart, backed by our human-centered technology with boots-on-the-ground professional service. Koltiva supports some of the largest multinational companies by digitizing and verifying global supply chains, focusing on enhancing traceability, inclusiveness, and sustainability. Koltiva combines triple-tech (AgriTech, FinTech, and ClimaTech) to improve producers’ outcomes and profitability while building more sustainable supply chains.