Agritech firm aims to plug credit gap in rice farming

Agritech startup Agrilever aims to bridge the credit gap in the rice sector by connecting farmers with financial institutions through the use of technology.

- By JASPER EMMANUEL ARCALAS

Agrilever said it serves as an intermediary that manages the relationship between banks or credit providers and rice farmers.

The firm added that it helps ensure that farmers can pay their loans by providing them with the technology, on-the-ground help and fertilizers that they need to have a more productive harvest.

"By bridging the gap between farmers and financial institutions, we are not only empowering them with better resources but also ensuring a more resilient and productive agricultural sector," said Ruel Amparo, CEO of Agrilever.

Agrilever emphasized that every farmer deserves access to technological resources and farming essentials, such as fertilizers and financing, that can help them thrive, improve their livelihood and secure their family's future.