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Indonesia

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Indonesia

Mobile finance input supplier financing scheme for cocoa farmers. Our partner commercial bank provided financing, on behalf of the farmer, direct to the input supplier using their mobile banking product as the distribution channel. The farmer picked up their inputs and, upon harvest, sold their cocoa beans to our global partner/trader in agriculture commodities.
All accounts were settled electronically, the farmer received his/her crop profit on their mobile bank account and the loan was paid off. LHB Associates conceptualized, designed, secured funding and managed this scheme. Our pioneering research revealed the levels of literacy, financial literacy, trust and financial inclusion of 600,000 cocoa farmers that provided a roadmap for the design of the scheme.