BAP is delivering the products and services to rural farmers to unlock potentials and propel communities forward. To catalyze farmers to realize their potential BAP offers asset financing directly to the BoP. Our first product, a bicycle, connects farmers to market and other basic life needs. Our portfolio is growing with new assets that push upward mobility.
To date we’ve disbursed over 3,000 loans that increase income by over 35% for our farming customers. Our portfolio and product offerings are rapidly growing as we add new income-generating agricultural assets each quarter, such as oxen & plow and grinding machines. We are scaling our operations by growing from our current base of 1,000 customers a year to reach 15,000 in the next three years and expanding to a new region in Uganda.
We are dedicated to serving farmers who are financially excluded and moving them out of extreme poverty. Our goal is to reach one million farmers by 2033.