MVP group creates app to digitize value chain in agri sector
Small farmers and fisherfolk will soon have easier access to affordable financing to help increase their productivity as well as expand their connections to markets with FINTQnologies Corp.’s (FINTQ) Accelerated Growth and Rural Inclusion (AGRI) platform.
FINTQ is the financial technology arm of Voyager, a company under the group of businessman Manuel V. Pangilinan.
AGRI platform is an end-to-end farm-to-marketplace digital agricultural value chain platform connecting producers to consumers for optimized productivity and greater efficiencies, a statement showed.
It includes digital financial services through the award-winning Lendr platform, digital commerce through a marketplace, and cost-effective logistics infrastructure management in partnership with Metropac Movers.
The combined program and platform is now being introduced nationwide in collaboration with the Bangko Sentral ng Pilipinas (BSP), Department of Agriculture, various local government unit associations such as the League of Provinces of the Philippines and Liga ng mga Barangay sa Pilipinas, and industry partners such as the Rural Bankers Association of the Philippines (RBAP).
“The agricultural sector is vital to our nation’s development as it sustains the requirements of our growing population. It likewise needs to be well-funded to make it globally competitive and resilient against climate-related risks, especially in the Philippines which is highly exposed to various weather-related hazards,” said Lito Villanueva, FINTQ Managing Director and KasamaKA Founder and Lead Convenor.
He noted that the AGRI platform will be an intervention to help reduce poverty in the countryside and boost shared prosperity at the bottom of the pyramid.
FINTQ intends to initially implement AGRI in eight pilot areas with supportive local government partners, mostly in Mindanao.