OCP Africa Partners To Provide Finance To 100,000 Farmers
OCP Africa, a fertiliser firm, and a financial technology company, Social Lender have partnered to provide financial services to 100,000 farmers in the rural communities in Nigeria.
According to the statement by the Country Manager, OCP Africa Fertilizers Nigeria, Caleb Usoh, on Tuesday, said that the aim of the partnership “is to ensure financial inclusion of a larger percentage of smallholder farmers in the country through BVN registration and financial literacy training.”
He said the collaborative effort would alleviate the farmers’ sufferings and help them to improve their lives. “This has boosted the partnership and is reflected in the increased number of beneficiaries who have accessed the services on offer,”
Chief Executive Officer of Social Lender Faith Adesemowo reaffirmed the importance of the partnership by inviting other organisations interested in serving the huge market segment to collaborate with her firm.
She said “Working with EFINA, we have scaled to six states including two Northern states. With OCP Africa partnership, we will add 31 locations and cover 14 states,”
The partnership would allow Social Lender the opportunity to leverage OCP Africa’s existing 51 retail input distribution hubs called the One Stop Shop, which are spread across rural farming communities in Nigeria.