MYAGRO FARMS

MOBILE TECHNOLOGY DEVELOPMENT: MYAGRO'S DIGITAL LAYAWAY PLATFORM PROVIDES FARMERS WITH A SECURE AND RELIABLE SAVINGS MECHANISM WHICH THEY CAN USE TO PURCHASE HIGH-QUALITY AGRICULTURAL INPUTS AND TRAINING THAT ARE DELIVERED WITHIN 10 KM OF THEIR VILLAGE. PACKAGE OPTIONS ARE DESIGNED EACH YEAR FOR A DIVERSE VARIETY OF PLOT SIZES AND PRODUCT TYPES INCLUDING GRAIN AND VEGETABLE SEEDS AND FERTILIZER, POULTRY, AND TREES. AFTER FARMERS SELECT THEIR DESIRED PACKAGE, THEY MAKE SMALL PAYMENTS OVER TIME INTO THEIR DIGITAL MYAGRO ACCOUNT. THE PAYMENT PROCESS MIMICS THAT OF ADDING PHONE CREDITS: FARMERS CAN PURCHASE SCRATCH CARDS FROM THEIR VE AND TEXT IN A CODE OR PAY DIRECTLY VIA MOBILE MONEY - ENABLING THEM TO SAVE VIA THEIR OWN DEVICE, THROUGH THEIR VE, OR VIA THE MYAGRO CALL CENTER. FOR WOMEN ESPECIALLY, THIS DIGITAL ACCOUNT ENABLES THEM TO SAVE PRIVATELY AND SECURELY, WHICH PROTECTS THEIR ASSETS AND ENHANCES FINANCIAL AUTONOMY. THERE WERE MORE THAN 4,000 ENTREPRENEURS LEVERAGING MYAGRO'S MOBILE TECHNOLOGY TO ENROLL AND FACILITATE PAYMENTS FOR FARMERS DURING CALENDAR YEAR 2024.

RESEARCH, DEVELOPMENT, & EVALUATION: MYAGRO FOCUSES ON DATA-DRIVEN SELF-REFLECTION AND ORGANIZATIONAL IMPROVEMENT TO BETTER UNDERSTAND THE CHALLENGES FACED BY RURAL COMMUNITIES AND TO DELIVER VALUE TO FARMERS. IN ADDITION TO CORE PRODUCT DELIVERY AND TRAINING SERVICES OFFERED EACH AGRICULTURAL SEASON, MYAGRO INNOVATES WITH FARMERS TO DEVELOP NEW SOLUTIONS THAT ADDRESS BARRIERS TO AGRICULTURAL SUCCESS SUCH AS CLIMATE SHOCK AND GENDER INEQUITY. WE ALSO CONDUCT HARVEST EVALUATIONS TO BETTER UNDERSTAND PROGRAM IMPACT, FOCUSING ON TWO KEY INDICATORS, (1) PERCENT INCREASE IN YIELD AND (2) ADDITIONAL NET INCOME EARNED AMONG MYAGRO FARMERS RELATIVE TO CONTROL FARMERS. SINCE 2018, THE PROGRAM HAS RESULTED IN AN AVERAGE 130% YIELD INCREASE AND $156 ADDITIONAL INCOME EARNED PER FARMER. FOR HOUSEHOLDS LIVING ON LESS THAN $2 PER DAY, THESE RESULTS HAVE TRANSFORMATIVE EFFECTS: IMPROVING FAMILY FOOD SECURITY, COVERING SCHOOL AND MEDICAL FEES, AND ENABLING FARMERS TO REINVEST TO FURTHER DIVERSIFY AND INCREASE THEIR INCOME. THERE WERE APPROXIMATELY 44,000 RESEARCH AND DEVELOPMENT PARTICIPANTS DURING THE CALENDAR YEAR 2024.