ECOMICRO: Agricultural Finance and Smart Data for Climate Adaptation in Ecuador

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The proposed project focuses on diversifying and technifying the supply of financial products for rural areas, and in particular, agricultural production. This will be achieved through a platform that translates complex data into usable information for the decision making processes of microfinance institutions (MFIs). The project will put flexible software in the hands of credit officers of MFIs in the field, which not only digitizes their workflow, but also allows d the provision of products adapted to local needs, supporting better management of risks, development of resilience and expansion of products and services in rural areas. The platform will allow the financial sector to: (i) collect economic and agro-productive data from producers digitally in the field, (ii) combine customer data with existing databases of climate scenarios, market prices and risk maps, and (iii) integrate credit analysis with the supply of local technology and service providers that can increase productivity or minimize risks. Together, (iv) the platform will promote continuous learning, based on Big Data analysis supported by artificial intelligence, with respect to finance and inclusive "climate smart" technologies .