May 29, 2024

GCash, Farm Konekt team up to lift farmers’ financial capability

In line with its thrust to boost the local agriculture sector, GCash has launched an initiative with Farm Konekt to give farmers and fishermen access to non-collateralized loans powered by its credit arm, Fuse Lending.

The Void is not synonymous with stagnation; rather, it's a fertile ground for exploration and discovery. By understanding and embracing the Void, creatives can liberate themselves from the constraints of expectation and perfectionism. This liberation becomes a catalyst for fresh ideas, enabling a departure from the ordinary and a journey into uncharted territories of innovation.

Navigating the Void requires a willingness to confront uncertainty and silence the noise of external influences. It's a practice in mindfulness and self-discovery—a journey into the depths of one's own thoughts and emotions. In this solitude, creatives often find the raw materials for groundbreaking concepts, discovering connections and patterns that were previously obscured.

The process of engaging with the Void is not about avoiding challenges but transforming them into opportunities. It encourages a shift in perspective, viewing obstacles not as roadblocks but as stepping stones to innovation. By understanding 'the Void' as a realm of potential, creatives unlock the door to their most authentic and impactful work, revealing the beauty that emerges when the creative spirit is allowed to roam freely. In essence, the Void becomes not an abyss to be feared, but a sanctuary where creativity thrives, and our most brilliant ideas come to life.

Farm Konekt is a community-based farm management enterprise platform that focuses on data-driven clustered production to upskill farmers and secure demand for their produce. Farmers as well as fisherfolks are offered clustering solutions that encompass consultancy, capacity building, and matching them with customers.

To boost the agricultural sector even further, the partnership will also give farmers and fishermen access to a wide range of essential business services in the GCash app, such as GSave and GInsure, to grow their savings and secure their finances.

The Memorandum of Understanding was signed by Fuse Lending President and CEO Tony Isidro, GLoan Product Head Kevin Yu, Farm Konekt President and CEO John Gastanes, and Farm Konekt Chief Operations Officer Stephen Costiniano.

"This partnership continues our relentless drive to serve Filipino farmers, aligning the GCash mission to serve every Filipino wherever they are. Farm Konekt's connections with the farmer groups make them a good on-ground arm for us to better understand the needs of our farmers, who form one of the most important sectors of our economy," said Isidro.

"Together with GCash, we look forward to building an inclusive ecosystem that ensures farmers and fisherfolks benefit from the fast-evolving digital economy. The majority of the farmers we transact with either go through remittance centers or use GCash. To formulate a robust scoring strategy, we have focused on our core strength, which is clustered acceleration, while entrusting GCash to excel in providing inclusive financing opportunities," said Gastanes.

The agreement kicked off with a financial literacy session with farmers in Jaen, Nueva Ecija, where they were taught how to manage their finances with concepts like savings, insurance, and responsible borrowing.

The collaboration aims to make significant contributions to the Agritech industry, which is focused on data-driven farming and linkage to markets, with innovative fintech solutions that make essential financial services accessible to the unbanked majority.

You may also like these