Reducing Risk and Increasing Agricultural Loans with Mobile Money in Ghana
In Ghana, the agricultural north supplies food to buyers in the south. The travel is mostly done by car and takes up a lot of time. Also, these long journeys are done carrying large sums of money, as the north suffers from a lack of banks. To face the issue of large money trandactions across the country, the ADVANCE II Project (Agricultural Development and Value Chain Enhancement) has developed a mobile money solution as it diminishes the threat of theft, ensures efficient payment and offers the access to financial services such as savings, insurance, and credit. USAID ’s ADVANCE II Project...