Ricult: Providing smallholder farmers easier access to capital

Farmers in Pakistan learn to use the Ricult mobile app ©Ricult

Based in Pakistan and Thailand, Ricult’s mobile app platform provides advanced weather forecasting, easy loan applications and direct market access to help farmers increase productivity and profits

00:00/00:00
Despite producing a large portion of the world’s food and agricultural products, many smallholder farmers continue to face challenges such as pests and extreme weather, as well as business problems, including unfair prices and lack of funds.Pakistani entrepreneur Usman Javaid believes that two basic issues are at the root of these problems: access to capital and information. “The formal banking system doesn't have an efficient way to determine the risk profile of farmers so it can’t serve them effectively," Javaid told CompassList in a recent interview. "Meanwhile, farmers can’t find out what...
Limited Reading

The rest of the content is only available if you are logged in.

Limited Reading

Your payment was not successful.

Please make sure you have entered your payment details correctly. Or try again in a few moments.

small logo

The discount code you entered is invalid

Please make sure you have entered your discount code correctly. Or try again in a few moments.

Download successful.

Your sample has been sent. Please check your email.

By accessing and using www.compasslist.com and all pages within the domain (the “Website”), You accept and agree to have read, understood, accepted and agreed to be bound by the Terms of Use and Privacy Policy in full. If you disagree with all or any part of these Terms of Use and Privacy Policy, please do not use or continue any further use of this website. You acknowledge that you are aware that this Website contains an archive of existing content as at 31 December 2021 and is not being actively managed. We are under no obligation to update the content on this Website and, accordingly, no new content or articles will be posted to the Website after 31 December 2021.