AFIDE Credit Ltd
Agriculture
Agricultural and Financial inclusion for Daily Earners (AFIDE) is an initiative by Farmkonnect towards contributing to the millennium development goals, goal 1 (no poverty) and goal 2 (zero hunger) of the 17 Sustainable Development Goals of the United Nations which are set to be achieved by the year 2030 and depend largely on agriculture. Agriculture provides answers to the question of what people will eat.
It is estimated that 38% of Nigerian are financially excluded, this is a rough estimate and the actual number will be higher. Some of these excluded people include active micro businesses and service providers in urban areas who consider themselves as earning too low to be banked or enjoy financial services. AFIDE aims to solve part of this problem by providing a more financially inclusive system that enables the unbanked, under banked and the daily earners to be more financially included, through cooperative and microfinance institutions and micro insurance systems, all backed by agriculture.
It is estimated that 38% of Nigerian are financially excluded, this is a rough estimate and the actual number will be higher. Some of these excluded people include active micro businesses and service providers in urban areas who consider themselves as earning too low to be banked or enjoy financial services. AFIDE aims to solve part of this problem by providing a more financially inclusive system that enables the unbanked, under banked and the daily earners to be more financially included, through cooperative and microfinance institutions and micro insurance systems, all backed by agriculture.