Mengdi Ke's Contact Details

Mengdi Ke's Company Details

AgroFides

Newburyport, MA, US • 5 - 9 Employees
SaaS

We provide two distinct but related services to impact lenders and farmers. Our services include assessing farmers' creditworthiness and offering lenders the opportunity to loan to creditworthy farming operation(s).Farmers in Sub-Saharan Africa are among the most marginalized in the value chain, and this can partially be attributed to the limitations of the cash-based economic system in which they operate. The lack of investment and sky-high interest rates in this sector derive from the lack of a reliable tool to assess creditworthiness for this population and a platform for impact lenders to lend directly to these farmers. Our mission is to unlock the potential of commercially viable small & medium-scale farmers by turning their cash-based operations into credit-based businesses. As an AgTech & FinTech firm, AgroFides provides two distinct but interrelated services to lenders & farmers (i.e., borrowers). With our innovative Fides Score, AgroFides collects & analyzes data about farmers and their environment to generate a "trust" score to quantify the creditworthiness of a farmer for the use of creditors. We then offer a peer-to-peer lending platform to facilitate loans from impact lenders in the U.S. to small & medium-scale farmers in Africa starting with Ghana. AgroFides seeks to challenge the traditional notion of charitable giving by calling for investment in Africa beyond aid and allowing both farmers & our cohort of lenders to prosper from the partnerships we cultivate.