AUTHOR PROFILE Nuno Vilaça
Curious Planeteer working to make the Earth's changes visible, accessible and actionable.

Financing Smallholder Farms with FarmDrive

News

It’s an exciting day at Planet—I’m pleased to announce that Planet has struck a deal with the innovative fintech company, FarmDrive. Based in Kenya, FarmDrive parses data from a variety of sources to provide financial services to a traditionally underserved market: smallholder farmers.

Specifically, FarmDrive applies data analytics and machine learning technologies to agricultural markets data and in-field observations to create comprehensive credit profiles and tailored loan products for farmers across Africa. Planet’s frequent satellite imagery provides a new insight-rich layer of data that can contribute to FarmDrive’s super-accurate credit profiles.

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In Kenya, massive plantations growing coffee, tea, & other exports are bordered by smallholder farms. March 23, 2016. PlanetScope image ©2016 Planet Labs, Inc. cc-by-sa 4.0.

Planet and FarmDrive aren’t in this alone, however. We’ll be working in cooperation with the Consultative Group to Assist the Poor (CGAP) and Chicago-based firm, The Impact Lab, to assess satellite imagery’s validity as a data source for risk assessment on small farms.

I can say without a doubt that the Planet team is thrilled to have FarmDrive as a partner. Together, we’ll harness the power of frequent satellite imaging, and the latest automated analysis methods to help smallholder farmers succeed.

Learn more about Planet’s imagery products.

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