Mastercard

Mastercard developed a digital technology platform called Community Pass – that enables service providers to better meet the needs of remote, low-income marginalised communities. Farm Pass, a vertical product on Community Pass, digitises processes for the supply and purchase of agricultural inputs and produce and payments to enable third parties to provide formal financial services to farmers. Mastercard’s Kenyan partner is The Co-operative Bank of Kenya, who has white labelled Farm Pass as Co-op Bank Soko.

This partnership with Shell Foundation will pilot six productive use energy assets, for which the Co-op Bank will provide capital for farmers to borrow through co-operatives in the potato, maize and dairy value chains, at a step-down interest rate.