CROWDE is a peer-to-peer platform focused on helping the smallholder fishers and fish farmers to get better, easier and faster financing, access to capital , technical assistance and the ability to connect their projects to retail investors interested in the fisheries sector.
Challenge area: Innovative financing
It is incredibly difficult for Indonesian fishers and fish farmers to access capital. Banks and financial service institutions often perceive the unpredictability of their production yield as an unnecessary risk, which prevents them from accessing the formal banking sector. With no way to legally access capital, fishers and fish farmers often have to resort to inappropriate and insecure sources of capital, such as loan sharks. Financial literacy can also be low among fishing communities, further disadvantaging them from securing capital. Without access to capital, improvements to ena
Stage of development: Growth
CROWDE is a peer-to-peer platform focused on helping the smallholder fishers and fish farmers to get better, easier and faster financing, access to capital and ability to connect their projects to retail investors that are interested in fisheries. CROWDE strives to be the ecosystem builder to help digitize the process, from upstream to downstream. They prioritize education for fishers and fish farmers in terms of technology and financial management, in order to facilitate more sustainable fishing and farming practices.