Industry / Segment
Financial
Institutions
Commercial
SMEs
Insurance
Government
NGOs
Agro-Industry
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Lack of transparency in the risk profile of agricultural credits
High operative costs
Lack of payment and losses caused by weather events
Difficulty in designing financial products for the agricultural sector
Solutions:
The transparency provided by scientific data on the agroclimatic risk score
Cost reduction thanks to the information provided by a climate-smart tool
Decrease default rate and losses related to climate thanks to informed decision making
Identify climate-resilient opportunities and improve the design of appropriate financial products
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High costs of field visits
Lack of sufficient climate information to develop a suitable business plan
Waste of economic resources and agricultural inputs due to climate and climate change issues
Lack of sufficient inputs to define credit refinancing conditions
Solutions:
Cost reduction thanks to the information, risks, and opportunities presented by a tech solution
Information provided by a climate-smart tool including graphs showing weather development at a farm level
Apply resources at the right time thanks to scientific data on weather and climate scenarios in time
Credit portfolio understanding and expansion by having a tool that quantifies and projects agroclimatic risks
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Lack of transparency in the risk profile of clients in the agro sector
Limited types of policies due to lack of climatic information that facilitates the creation of new products
Large losses related to the disbursement of agricultural insurance
Lack of information on certain crops
Solutions:
Transparency on risk profile and all possible weather events not only on a historical basis but also on a future projection of the climatic development until 2050
Agroclimatic variables that will allow the creation of new products focused on the agriculture sector
Loss reduction and portfolio growth by reaching new clients, with new climate-resilient products and new geographical spaces
Complete crop and crop variety information for the entire national territory
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Lack of tools to support producers towards financial inclusion
Lack of information to plan agricultural sector policies related to climate change
Lack of information to be able to grant financing for the development and sustainability of the agricultural sector
Solutions:
Provision of agroclimatic risk score and data that enables farmers to manage better their production and access valuable information to approach financial institutions
Climate modeling and scenarios in time that help understand and design climate-smart policies
Provision of climate-smart information and agroclimatic risk profile analysis to promote financial inclusion and digitalization of agriculture
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Lack of tools to support producers towards financial inclusion
Lack of information to plan agricultural sector policies related to climate change
Lack of information to be able to grant financing for the development and sustainability of the agricultural sector
Solutions:
Provision of agroclimatic risk score and data that enables farmers to manage better their production and access valuable information to approach financial institutions
Climate modeling and scenarios in time that help understand and design climate-smart policies
Provision of climate-smart information and agroclimatic risk profile analysis to promote financial inclusion and digitalization of agriculture
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Lack of scientific climate and risk information
High operative costs
Challenge to sell and promote products amid climate change
Solutions:
Provision of scientific climate and risk information including climate modeling projected until 2050
Cost reduction through provision of information via multi-device tool
Improve calculations with harvest predictor and scientific data provided by a climate-smart tool