Founded in 2018 with headquarters in Kenya, Lofte Kesho is an integrated FinTech and AgriTech player offering an animal identification and traceability platform.
In partnership with InfoCorp Technologies, Lofte Kesho has rolled out FarmTrek, a solution that brings inclusive financial services to the livestock industry in emerging markets via its blockchain-based platform.
Lofte Kesho works with smallholder farmers to unlock financial benefits associated with their animals.
FarmTrek is a system that uniquely combines the livestock and financial services ecosystems to enhance the livestock value chain and bring new financial services to smallholder livestock farmers.
Smallholder livestock farmers, which represent a large population of the livestock industry in most emerging markets, are unable to collateralize their ‘livestock as an asset’ to access formal financing, and livestock insurance is not widely accessible to these farmers, mainly due to moral hazard and fraud issues.
FarmTrek encourages financial inclusion for smallholder farmers by improving liquidity within the livestock value chain.
Smallholder livestock farmers would access working capital loans using their livestock as collateral, livestock insurance services and cashless payments.
Our solution addresses issues of:
(1) Identity fraud
(2) Asset ownership fraud
(3) Data security risk
(4) Credit assessment risk
(5) Livestock insurance moral hazard
(6) Livestock tracking and traceability
(7) Cost effectiveness
Our team has diverse expertise on finance and business, software engineering and mobile development, veterinary medicine, animal production and livestock extension.
Address, Kiambere RD, Cassia Courts, Upper Hill, Nairobi Kenya.