Vocoa enables an interaction in the local dialect between the system voice menus or customer care agents and the farmers.
Monitor Cash Flow
Vocoa collects data on the farmers’ expenditure and revenue to monitor cash flow and provide insights on how to maximise profit.
Maintain Financial Records
Cash flow is monitored to gather Financial records which will serve as future reference in respect to loan applications for farmers.
Receive Vocal Reports
Vocoa works within the tight margins of low literacy levels among African farmers. This context is the basis for its Voice operated services which are in English and other respective local languages.
Many Cocoa Farmers in Ghana & Ivory Coast live on only 40 cents a day. These stringent conditions make capital intensive farming investments such as cultivating more land, buying new machinery or employing more workers difficult.
Limited finance schemes
Most cocoa farmers are considered unbankable and therefore ineligible for loans. Reasons for this are cited as Lack of land use rights, little or no collateral, lack of financial documentation or literacy, and a lack of access to formal finance.
Lack of financial records
Farmers see almost no incentives for opening bank accounts due to the lack of loan schemes and similar programs. This however causes problems as it leaves them without a record of their financial activities, should financing schemes actually come their way.
Limited financial literacy
Limited access to education and a subsistence mind-set have contributed to low financial literacy amongst small-holder farmers This lack of financial awareness positions the farmers in a constant cycle of poverty.
Most farmers are not conversant in English, this proves to be a hindrance when creating solutions for farmers. Technical or non-technical engagement of farmers in any solution will need to tackle this barrier first.
Low Levels of Education
Education opens the mind of farmers to knowledge, provides training and better methods of farming. Which helps the farmer yeild more profit. Lack of education has hindered millions of farmers from growing financially and socially.