Most of us are used to savings and investments being the realm of banks and brokers. But for the masses in Uganda (and Sub-Saharan Africa) the banks are too far and too expensive and the local currencies a poor way to save. Instead, savings often take the form of bricks to build a home or a few chickens to feed the children or now with Agro Supply, seeds for the next planting season...
Uganda is an agricultural economy, 89% of the citizens are smallholder farmers creating 69% of the GDP. Smallholder farmers spend a considerable share of their income on inputs, plus quite a lot of additional debt. Limited capital and poor access to agricultural inputs clearly constrains farmer productivity Limited capital leave farmers’ income and livelihood at risk from drought, floods...