Rural communities remain the large unserved market for financial services. 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. On the other side, rural communities may have difficulty accessing traditional banking services such as savings accounts, loans, and insurance products. This can make it challenging for farmers, agri-input SMEs, and other rural residents to invest in their businesses, save for the future, and manage financial risks.
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. At Koltiva, we believe that providing financial inclusion in these areas can unlock the economic potential of rural regions, ultimately increasing household income and job opportunities. We empower rural communities and support financial institutions to have access to useful, affordable, and innovative financial products and services that meet their needs.
With KoltiPay, our eWallet feature for the agriculture sector, we provide various benefits from cashless payments, transactions, savings, money transfer services, a variety of loan products, crop procurement, premium payment distribution, and paying bills - Delivered in a responsible and sustainable way.
Exploring the Latest KoltiPay Features for Smallholder Producers and MSMEs in Rural Areas
