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VALUE ADDITION AND QUALITY FOOD TRADE SPOTLIGHT FOR THE WEEK OF JULY 18.

VALUE ADDITION AND QUALITY FOOD TRADE SPOTLIGHT FOR THE WEEK OF JULY 18.

FtF IAM is collaborating with agri-fintech partners to pilot and scale inclusive business models. This week Patasente, a partner that offers factoring services to the milk value chain actors in Uganda by purchasing receivables from milk buyers and providing advances to milk aggregators and traders,  has successfully replicated the factoring model in the coffee value chain as part of Patasente’s expansion strategy for the year 2022. Patasente financed delivery of 98,197Kgs of coffee worth UGX 660,753,144 (est. $ 186,128), from primary processors within farmer communities to large coffee firms/exporters like Central Coffee Farmers Association (CeCofa). This has demonstrated that factoring services work well in structured value chains and will continue to provide learnings for other fintech service providers.

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