ESG Intelligence Platform

Technology Drives Sustainability Initiatives

Corporations using technology solutions

Blockchain Empowers Brazilian Farmers with Fair Credit Access
September 25, 2022
AI generated representative image.

Blockchain Empowers Brazilian Farmers with Fair Credit Access

CreDA (Credit Data Alliance) is revolutionizing credit access for Brazilian farmers through its innovative blockchain-based credit scoring system. By partnering with Ager Solution, CreDA integrates satellite data, NDVI imaging, and AI-driven analysis to create a comprehensive and unbiased assessment of a farm’s value and credit risk. This system addresses the challenges faced by farmers in Brazil, who struggle with exorbitant interest rates due to inadequate data and limited access to credit. CreDA’s Credit4Good program empowers farmers by providing them with competitive loan rates, enabling them to invest in their operations and contribute to food security in Brazil. This initiative not only helps farmers bypass traditional financial barriers but also supports global efforts to combat the food crisis by enhancing local agricultural productivity. The use of advanced technologies like blockchain and AI in this context underscores the potential of fintech to drive sustainability and economic growth in the agricultural sector.

Source: Newswires

Technologies Used:

  • Blockchain: Used to create a decentralized credit scoring system that assesses and manages credit risk for farmers based on both traditional and blockchain-based data.
  • Artificial Intelligence (AI) and Machine Learning: AI is utilized to analyze geo-tagged farm data and to refine credit risk models, incorporating both on-chain and off-chain data to provide a more accurate credit assessment.
  • Satellite Data and NDVI Imaging: These technologies are used by Ager Solution to generate detailed metadata on farm conditions, which are integrated into CreDA’s credit assessment models.

Companies Involved:

  • CreDA (Credit Data Alliance): A decentralized credit rating service that is developing an alternative credit scoring model for farmers in Brazil, enabling them to access more affordable loans by incorporating both traditional and blockchain-based data.
  • Ager Solution: Provides high-quality insights on farm conditions using satellite data and NDVI imaging, which are integrated into CreDA’s credit assessment models to create a robust, real-time view of farm value and risk.

SDGs Impacted:

  • SDG 2 (Zero Hunger): By providing farmers with better access to credit at competitive rates, the initiative helps increase agricultural productivity, contributing to food security in Brazil and globally.
  • SDG 8 (Decent Work and Economic Growth): The initiative supports economic growth by empowering farmers with the financial tools needed to expand their operations and improve productivity.
  • SDG 9 (Industry, Innovation, and Infrastructure): The use of blockchain, AI, and satellite technology to create an innovative credit scoring system represents a significant advancement in financial services and agricultural infrastructure.

Geographic Focus: Brazil

Sustainability Focus: Financial Inclusion

Disclaimer

This web site is developed and maintained by ESG Intelligence Private Limited (hereinafter ‘Company’). The use of this website is at the sole risk of the user.

The inclusion of experts on this website or in any professional directory on this website does not imply recommendation or endorsement of such expert nor is such information intended as a tool for verifying the credentials, qualifications, or abilities of any expert contained therein.

All information on this website is provided on an “as-is” basis and the Company disclaims all warranties, either express or implied, including but not limited to the implied warranties of merchantability and fitness for particular purpose as to the results you may achieve on account your use of this website, as to the results you may achieve on account of any relationship you elect to create with an expert. The Company does not make any representations or warranties regarding any expert, including but not limited to, any expert’s ability to obtain a favorable result for you. The Company does not guaranty in any services or goods associated with this website will be error-free or uninterrupted, or that any service or good will continue to be available. Any material downloaded or otherwise obtained through the use of the service is done at your own discretion and risk and that you will be solely responsible for any damage to your computer system or loss of data that results from the download of any such material. No information, whether oral or written, obtained by you from the Company or through or from this website shall create any warranty not expressly stated.

Though all efforts have been made to ensure the accuracy and currency of the content on this website, the same should not be construed as a statement of law or used for any legal purposes or otherwise. The Company, its management and/or its employees hereby expressly disowns and repudiates any claims or liabilities (including but not limited to any third party claim or liability, of any nature, whatsoever) in relation to the accuracy, completeness, usefulness and real-time of any information and contents available at this website, and against any intended purposes (of any kind whatsoever) by use thereof, by the user/s (whether used by user/s directly or indirectly). Users are advised to verify/check any information and contents, with the relevant source(s) and obtain any appropriate professional advice, before acting thereon as may be provided, from time to time, in the website.

Portions of the content presented on this website have been generated using advanced artificial intelligence tools, including but not limited to ChatGPT, Bing, and other generative AI models. While the Company strives for accuracy and relevance, the nature of AI-generated content means that it may occasionally contain inaccuracies, omissions, or may not always reflect the most current information. The Company recommends users to exercise discretion, and cross-reference information from other sources when making decisions based on the content provided on this Website.  The Company will not be responsible for any decisions made based on information provided on this Website. 

The Company makes no representations or warranty whatsoever about any other web site which you may access through this one or third party content.  The Company shall not be responsible for and assumes no liability for any mistakes, misstatements of law, defamation, omissions, falsehood, obscenity, pornography or profanity in the statements, opinions, representations or any other form of content contained in any third-party content appearing on the website. You understand that the information and opinions in the third-party content on this website represent solely the thoughts of the author and is neither endorsed by the Company nor does it reflect the beliefs of the Company. When you access any website, please understand that it is independent from the Company, and the Company has no control over the content on that website. In addition, a link to any other web site does not mean that the Company endorses or accepts any responsibility for the content, or use, of such web site. It is up to you to take precautions to ensure that whatever you select for your use is free of such items as viruses, worms and other items of destructive nature. The Company hereby expressly disclaims any liability and claims against, any information, materials, products or services posted or offered at any of the third party sites linked to this website.

This website shall be governed by and construed in accordance with the applicable laws of India.

The Company exclusively reserves the rights, to change or modify or alter any of the policies available on this website (whether completely or partially), from time to time, at its discretion, without any objections, interruptions, grounds, claims or liabilities of any third party/users.

If your company is using technology to drive sustainability, we will be happy to tell your story

10 + 8 =

Pin It on Pinterest