According to the sources, it has been reported that the Tigo Cash which is used for electronic monetary transactions over the Tigo network in Ghana, has steered the transfer of about US$345.765 to1,800 smallholder rice farmers.The project on Rice Mobile Finance (RiMiFin) initiated by the Visa Foundation in partnership with Tigo Cash has made business transactions convenient for the local rice farmers in the Eastern and Volta region. Further, due to this initiative, the farmers have informed that they no longer have an experience a delay in payments from aggregators and buyers. In this regard, Mr Eric Glatse, a rice farmer in the Kpong district has explained that he has been able to pay workers on time and purchase supplies through Tigo Cash. This system has added benefit of the mobile money wallet was such a relief, that there is no need to walk around with bulk cash right after harvest at the risk of robbers attacking me while in transit.
Further, in this context, the Ghana Country Manager of Agri-Business Systems International (ASI), Dr. Betty Anna, commended the security and convenience of the mobile money platform. The partnership with Tigo Cash is yielding excellent results. Moreover, the farmers are able to track their payment and have quick and easy access to their funds in any location on any day of the week and more convenient times even outside formal banking hours, as it has been noted. In addition, Mr Roshi Motman noted that the partnership is meant to transform the lives of smallholder rice farmers through financial inclusion and easy access to banking services too.
Furthermore, it has also been narrated that we are in particularly happy that it is able to create an eco-system of cashless payments where the farmers could receive prompt payment for rice purchased after harvest and can purchase local supplies as well as can send money to their families for their upkeep, as it has been revealed. The partners for this project include ASI, the Global Agri-Development Company Limited (GADCO), and United States Agency for International Development (USAID), TIGO and the Visa Foundation.