Most farmers incur losses after working hard in their farms simply because they lack efficient storage and processing facilities that would help in storing and securing their products. This alienates them from potential buyers and they end up struggling to distribute their products eventually resulting to the scrupulous middle men.
The G-Soko market platform, aware of the challenges that the farmers go through in terms of accessing warehouses has come in to rescue them and all those embracing the initiative have every reason to smile. G-Soko will ensure that farmers growing maize and beans in East Africa can sell their product across East Africa through regionally certified warehouses.
The platform offers the following:
G-Soko deals with the certification of warehouses especially those dealing with grain farming. This certification encourages investors in the storage sector and in the process allows the uptake of sound business. These certified warehouses ensure safe and secure storage of commodities, thereby providing more comfort and guaranteed market for a good quality stored grains.
Once they are issued with a warehouse receipt, farmers can use the receipts as collateral to access financial services, while still accessing a large market across Eastern Africa. This mechanism will cushion them from ‘selling low; after harvest and ‘buying high’ later.
Structured Trade Finance
The grains that are stored in the certified warehouses are used as collateral to access financial services either through warehouse receipt finance or through inventory credit financing.
Grain Bulking System
Farmers in the G-Soko platform are able to consolidate and sell their grain at the aggregation centers.
Producers are also encouraged to improve the quality of their grains by using the recently approved East Africa Standards since these centers that offer logistical support and also provides checks on the quality of the products.
Online Trade Platform
All the certified warehouses on the G-Soko platform are linked to an online trade platform. This online platform facilitates the access of the grains for buyers at any time. It also offers effective and dependable offers and bids before the real match encounter between the buyer and seller is initiated.