Faced with limited financing and banking options, rural families are often forced to take out high interest loans from informal moneylenders, or to pawn their goods and land when they need capital. Proximity Finance provide an alternative: a suite of low interest rate loans designed to meet their needs.
The rural population is often the last market to be served by traditional banks. Their loan sizes are small, they are difficult to reach and they often have complex income streams that ebb and flow. Most of our customers did not have access to the capital they needed to invest in their farming business.
Proximity Finance believe rural farmers deserve the same access to capital as folks in the cities. Building on our decade-long relationship with rural farmers and intimate knowledge of the risks and opportunities, we bring finance to the farm.