Kizito Odhiambo : innovation serving kenyan agriculture
Agribora, founded in 2018 by Kizito Odhiambo, is revolutionizing Kenyan agriculture by combining financial and agricultural technology. Leveraging innovative solutions and an approach centered on the needs of farmers, this pioneering startup is opening up new prospects for the country's agricultural sector.
Pioneering in more ways than one, Agribora, a Kenyan startup founded in 2018 by Kizito Odhiambo, embodies the convergence of agriculture and financial technology by offering innovative solutions to support farmers in Kenya. As an agrifintech, this startup combines technological advancements with the specific needs of the agricultural sector to facilitate access to financing, improve farm management, and boost agricultural productivity.
Drawing on technologies such as blockchain, artificial intelligence, and data analytics, Agribora is creating new opportunities for Kenya’s agricultural sector. The startup aims to address some of the key challenges facing farmers in Kenya, such as limited access to financing and the volatility of agricultural product prices, while enhancing the resilience and prosperity of agricultural communities in the country.
95% of farmers lack access to financing
Kizito Odhiambo, founder of Agribora, describes the agricultural space as vibrant and dynamic but acknowledges persistent challenges, notably limited access to financing for farmers. He explains: « 95% of them lack access to financing for agriculture across the continent. »
To tackle this challenge, Agribora has developed an innovative approach by digitizing the agricultural ecosystem. He explains: « We are building a supply chain platform to enable farmers to access finance. » This platform, called agri-hub, aims to simplify procurement by bringing together the necessary agricultural products and services in one place.
With technologies such as blockchain and artificial intelligence, Agribora is able to track and analyze agricultural transactions
« We digitize the agro-dealer, the agri-hub, and provide them with inventory, » explains Odhiambo. « They have a pay-later model, and that’s where we start financing. » This model allows farmers to buy now and pay later while offering agricultural suppliers simplified access to the market.
With technologies such as blockchain and artificial intelligence, Agribora is able to track and analyze agricultural transactions, while providing recommendations based on satellite data to enhance farm productivity and profitability.
« We combine this information with satellite data to monitor land development, » explains Odhiambo. « We can also estimate how many other farmers in the same region are growing the same crop without knowing them, thanks to artificial intelligence. » Agribora thus represents an inspiring example of African innovation in the field of Fintech. With its unique approaches and solutions tailored to African realities, this startup is contributing to transforming the financial and agricultural landscape of the continent while empowering individuals and agricultural communities.
To learn more: https://agribora.com/
