Project 3: Off Grid Bazar
Name of the Company: Gham Power Private Limited
Stuck in traditional farming practices, farmers throughout Nepal struggle to increase revenue. A major issue is the lack of micro-level data on local farming practices. This lack of data also prohibits banks from lending to farmers as they cannot quantify investment risk.
To address this, Gham Power proposes a project development platform, Off Grid Bazaar. This platform will leverage existing farming datasets with their proprietary algorithms to help rural farmers improve their yield by selecting an optimal mix of crops and solar water pumping system.
The platform generates projected cash flow statements that banks can use to assess risk and lend funds to buy solar pumps. The solar water pump systems include their proprietary PAYG smart meters. This enables monthly bank payment collection using mobile money, which decreases collection costs and enables banks to offer better financing terms.
These meters also have sensors to track agriculture-related data like water usage, soil moisture, and weather. As a result, the platform can predict irrigation requirements using field-level data. This will lower costs for farmers while maximizing their revenue.
Over time, the data can show useful practices in farms and make suggestions based on previous crop cycles. This will result in higher yields, lower inputs and less environmental impact.
Under this project, Gham Power plans to sell 200 water pumping systems with smart meters. Mobile money will ease payments of the services.