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Syecomp Ghana Ltd

Country

  • Product Type: Credit
  • Sector: Agribusiness
  • Project Country: Ghana

Syecomp Ghana Ltd

Syecomp Ghana Ltd
Syecomp Ghana Ltd

Syecomp Ghana Limited is a technology driven, social impact Geospatial Mapping Company incorporated in Ghana since 2009. We deploy innovative ICT tools and geospatial solutions, research and knowledge management to provide a range of value-added services in sub-saharan Africa. Syecomp specializes in the acquisition, processing, analysis and synthesis of Geospatial data for various applications. We deploy optical and radar satellite monitoring and field-based mapping systems for commercial activities in Ghana involving land-use monitoring, environmental and natural resource management using Remote Sensing and GIS technologies. Ournoperational presence is in Ghana and Kenya.

Project Description

Syecomp is a market leader in deploying satellite technology to empower agribusinesses. Through mfarmPay, their core product, they will radically restructure, expand credit access and financial inclusion for rural farmers through technology. mfarmPay is a revolutionary product that addresses bankability of millions of farmers in Ghana through a credit score rich in alternative data to lower acquisition costs for financial institutions. The credit score card follows a “token” model under which farmers earn points based on a number of equally weighted variables using satellite imagery, crop yield data, and farm sizes. mfarmPay is a first mover product in Ghana complemented with tailored extension advisory.

Key Innovations

mfarmPay scientifically and innovatively address smallholder farmers' credit risk assessment, establish farmers‘ geo-data portal, and provides bundled satellite-derived crop, water, and weather information advisories. Our Farmer Helpline Service: 0500000996 serves as central node for agronomic information relay using multiple on-demand simple channels: SMS, Voice, and USSD. Syecomp has complete ownership of the developed farmers' geodata portal which is an essential feature in mfarmPay enabling the company deploy machine learning approaches to developing the credit scorecard. We generate farmer registries that enable direct delivery of relevant products and services. Our technology connects farmer information to geospatial data and models to improve direct farmer engagement and the level of services they receive to improve farm profitability.