Fintech firm leverages data to boost farmers’ access to credit

Fintech firm leverages data to boost farmers’ access to credit

Fintech firm Avenews says the use of technology and transaction data to determine a farmer’s credit worthiness is key in boosting agriculture financing in Kenya. Avenews Group Chief Executive Officer Jonathan Tseloon said instead of relying on traditional security, the company analyses business records including M-Pesa statements, bank statements and other financial transaction histories to assess a customer’s creditworthiness. “Avenews is a fin…