It is with great pleasure that SatSure, a leader in EO space data applications, announces its cooperation with Rabo Partnerships. This strategic partnership intends to increase smallholder farmers' access to cash-flow based loans on a global scale. This alliance will address the problems banks confront and promote financial inclusion for unbanked farmers by utilizing SatSure's cutting-edge technology and Rabo Partnerships' expertise in financial services.
The partnership is in line with SatSure's Banking Solution, SatSure Sage, a collection of tools made to help lending institutions handle agricultural loans intelligently. SatSure Sage fills in information gaps and enables lending institutions to expand operations while spending less money by utilizing the power of satellite data, location intelligence, and machine learning. In addition, it gives farmers access to financing through alternative data that banks may use to determine the loan risk even when those data points are not available.
"Rabo Partnerships is pleased to work with SatSure to increase farmer livelihoods and sustainable Agricultural Finance across the globe!" says David Gerbrands (Global Head Advisory and Inclusive Business Ventures at Rabo Partnerships). "SatSure's and Rabo Partnerships' combined technology, network and capabilities will allow us to help financial institutions strengthen their risk management, collection, and portfolio growth to the agricultural sector, including small holder farmers."
Prateep Basu, Founder & CEO of SatSure, expressed his enthusiasm about the partnership, stating, "Leveraging our relationship with banks, we are certain that this collaboration will empower the agri-lending ecosystem to create innovative financial products for unbanked farmers based on the cash flow model rather than traditional land-based collateral, where digitization is still work in progress."
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