TerraMagna: On a Path to Revolutionizing Agro-Credit
The agriculture industry has revolutionized over the past few decades by leveraging innovative technologies. However, agriculture still struggles with the credit culture.
The bellow are the highlights of the interview with Insights Success a business magazine online.
Bernardo Fabiani the CEO, and Co-founder of TerraMagna, came up with a brilliant way to help farmers access fair credit. The company works with an exclusive technology that allows granting credit to distributors and producers faster than the traditional market at fairer rates.
Backing Up the Community
Much of TerraMagna’s innovation comes from its exclusive technology and market intelligence that allows it to understand better the risk offered in each production and, if necessary, to charge that farmer better without harming their sustenance resources.
Branching Out Fruition
Bernardo expresses that all input sales in the Brazilian agriculture market are 74% self-financed through forwarding sales from retailers to farmers. TerraMagna lets the retailer worry only about the core of their business – selling inputs – without having to play the obligatory role of the financier. The TerraMagna team is the ones who do the financing.
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