JICA Signs Deal to Invest in Brazilian Farm Fintech Firm
Sao Paulo, May 28 (Jiji Press)--The Japan International Cooperation Agency has decided to invest in Brazilian fintech company Agrolend, which offers financing to small- and medium-sized farmers in the country within as quickly as two days of application.
The Japanese government-backed agency held a signing ceremony Wednesday in Sao Paulo, the biggest city in Brazil. It hopes the investment will help ensure stable food procurement by Japan, which imports such crops as soybeans and corns from the South American agricultural giant.
Fund procurement has been a bottleneck for small- and medium-sized Brazilian farmers, who account for over 70 pct of all farmers in the country. By utilizing information technology, Agrolend successfully shortened the period needed for screening loan applications.
The company has allowed farmers in need of funds to purchase seeds and fertilizers to apply for financing via the WhatsApp communication app and receive loans quickly.
Established in December 2020, Agrolend provides financing services to some 2,700 farmers in Brazil. In the latest fund raising deal aimed at expanding its businesses, the company procured 56 million dollars from JICA and others.
(2025/05/29-14:17)
To read a full story, please click here to find out how to subscribe.
NATIONAL
-
06/01 11:22 Japan, U.S., Australia, Philippines Express Concern over China - 05/31 22:48 "2,000-Yen" Govt-Stockpiled Rice Reaches Consumers in Japan
- 05/31 20:08 Japan, U.S. Agree to Deepen Cyber Cooperation
-
05/31 18:48 (Update) Trump Hails Nippon Steel as "Great Partner" of U.S. Steel - 05/31 16:05 Nakatani Calls for Defense Cooperation in Indo-Pacific
- 05/31 14:52 Trump Hails Nippon Steel as "Great Partner" of U.S. Steel
- 05/31 14:13 (Update) Japan-U.S. Tariff Talks Progressing toward Accord: Akazawa
- 05/31 13:12 Japan-U.S. Tariff Talks Progressing toward Accord: Akazawa
- 05/30 22:13 Diet Panel Starts Deliberations on Dual Surname Bills
- 05/30 22:06 Ruling Bloc Rejects Call for Gasoline Tax Cut in July
- 05/30 21:39 Ishiba, Cambodian Leader Affirm Economic Cooperation
- 05/30 21:10 USJ Holds Event at Osaka Expo
- 05/30 21:09 41 Pct of Japan Rice Farmers Expect Price Drop in 2026
- 05/30 20:29 Izumisano in Western Japan Aims to Launch Baby Hatch
- 05/30 20:17 (Update) Japan's Lower House OKs Revised Pension Reform Bill
- 05/30 19:48 Japanese, Chinese Students Interact at Beijing Event
- 05/30 19:25 Japan's Emperor Meets with Lao President
- 05/30 19:05 Confectionery Exposition Opens in Hokkaido
- 05/30 17:46 Yen Rallies amid Rekindled U.S. Tariff Woes
- 05/30 17:35 Japan Partially Lifts Sanctions on Syria
- 05/30 16:54 Ex-Japanese Princess Mako Gives Birth to 1st Child
- 05/30 15:44 Some LDP Lawmakers Wary of Koizumi's Drastic Rice Price Policy
- 05/30 15:40 Japan Govt Cites Procurement Route Changes behind Rice Price Surges
- 05/30 15:08 Japan's Lower House OKs Revised Pension Reform Bill
- 05/30 14:48 Japan's Job Availability Ratio Flat at 1.26 in April
- 05/30 14:17 (Update) Japan Agrees with China on Fishery Exports Resumption
- 05/30 13:34 Japan's Industrial Output Falls 0.9 Pct in April
- 05/30 12:49 Tokyo Core Consumer Prices Up 3.6 Pct in May
- 05/30 12:42 Japan Starts Accepting Rice Applications from Smaller Retailers
- 05/30 12:08 Japan Revises Aviation Law after 2024 Haneda Collision
- 05/30 11:24 Prices to Rise for 1,932 Food Products in Japan in June
- 05/30 10:22 Putin Meets with Ex-Japan PM Abe's Widow in Moscow
- 05/30 09:22 Japan Agrees with China on Fishery Exports Resumption
- 05/30 00:07 Ishiba, Trump Hold Phone Talks Again
- 05/29 22:16 LDP Group to Seek End to Tax Exemption for Foreign Visitors
- 05/29 22:01 DPFP Leader under Fire for Calling Stockpiled Rice "Livestock Feed"
- 05/29 21:58 Japan, Kuwait Agree to Upgrade Relationship
- 05/29 21:17 73 Pct of Sports Groups in Japan Have No LGBT Help Desks
- 05/29 20:33 Govt-Stockpiled Rice Sells Out Immediately on Rakuten
- 05/29 20:21 Japanese Nationals Seen Held at Fraud Base in Cambodia
- 05/29 19:48 Japan, Laos Leaders Agree to Deepen Economic, Security Ties
- 05/29 19:20 Okinawan Remains Looted in Early Showa Era Returned by Kyoto Univ.
- 05/29 18:29 LDP, Komeito, Nippon Ishin Agree to Reduce Hospital Beds
- 05/29 18:27 Japan to Compile New Cybersecurity Strategy by Year-End
- 05/29 18:09 Japan Says China Buoys No Longer in EEZ
- 05/29 17:40 Tokyo Stocks Jump after U.S. Court Blocks Trump Tariffs
- 05/29 16:54 Japan May Discuss U.S. Defense Equipment Purchases in Tariff Talks
- 05/29 16:21 Northeastern Japan Lender Told to Improve Biz for Cover-Up
- 05/29 15:36 Japan Starts Releasing Stockpiled Rice under New Procedures
- 05/29 14:17 JICA Signs Deal to Invest in Brazilian Farm Fintech Firm
- 05/29 14:16 Jiji Press among Winners of Machine Translation Award
- 05/29 13:02 Nippon Express Involved in India Chip Infrastructure Building
- 05/29 11:15 Team Develops Cancer Prediction Method Using Inside of Cheek
- 05/29 09:52 Japan, Lithuania Agree to Strengthen Cybersecurity Cooperation
- 05/29 00:19 Incoming Keidanren Head Vows to Focus on Social Security Reform
- 05/28 22:12 Japan Proposes Fund to Aid U.S. Shipbuilding Sector in Tariff Talks
- 05/28 22:05 Japan to Consider Allowing Bus, Railway Firms to Enter Ride-Hailing Biz
- 05/28 22:03 LDP Policy Chief Visits Kawaguchi over Kurdish Residents
- 05/28 21:35 (Update) High Court Orders Japan, Tokyo Govts to Compensate over Probe
- 05/28 19:53 Don Quijote to Sell Govt-Stockpiled Rice Only to Members
- 05/28 19:40 (Update) BOJ's Latent Losses on JGB Holdings Swell to 28 T. Yen
- 05/28 19:22 Japan Pump Price Drops to 5-Month Low
- 05/28 19:05 Japan, Philippines Vow to Deepen 3-Way Ties with U.S.
- 05/28 18:54 BOJ's Latent Losses on JGB Holdings Swell to 28 T. Yen
- 05/28 18:45 Ishiba, Montenegro's Spajic Hold Talks in Japanese
- 05/28 18:09 "Expo Grandma" Completes Tour of All Osaka Expo Pavilions
- 05/28 16:37 High Court Orders Japan, Tokyo Govts to Compensate over Probe
- 05/28 16:30 Big Poster Boards Set Up in Tokyo Ahead of June Assembly Poll
- 05/28 13:41 Koizumi Shows Confidence in Curbing Rice Prices
- 05/28 13:02 Japan Enacts Bill on AI Development, Risks
- 05/28 12:53 Japan Enacts Revised Green Transformation Law
- 05/28 12:37 Japan Enacts Legislation to Strengthen Disaster Prevention
- 05/28 12:06 Sumo Wrestler Onosato Promoted to Yokozuna
- 05/28 09:54 2 Drugmakers Ordered to Pay 21 B. Yen for Toray Patent Breach
- 05/28 00:12 (Update 2) Applications for Govt-Stockpiled Rice Seen Hitting Limit
- 05/27 21:47 U.S. Govt May Hold Golden Shares in U.S. Steel
- 05/27 21:27 LDP's Shimomura Denies Order to Resume Kickbacks
- 05/27 20:45 (Update) Over 30 Companies Apply to Sell Govt-Stockpiled Rice
- 05/27 19:22 Ishiba, Iceland's President Agree to Deepen Cooperation
- 05/27 18:44 Japanese Universities Asked to Help Int'l Students at Harvard
- 05/27 18:43 (Update) Ruling Bloc, CDP Agree on Revised Pension Reform Bill
- 05/27 18:21 Ishiba Vows to Support Hokkaido's AI Initiatives
- 05/27 17:55 (Update) 10 People Slightly Injured in Explosion in Tokyo
- 05/27 17:51 Ruling Bloc, CDP Agree on Revised Pension Reform Bill
- 05/27 17:45 10 People Slightly Injured in Explosion in Tokyo
- 05/27 17:29 Min. Koizumi Vows to Supply Rice at Stable Price
- 05/27 17:12 Hyogo Gov. Likely behind Whistleblower Info Leak: Panel
- 05/27 16:58 Japanese Emperor Meets Icelandic President
- 05/27 16:40 Japan PM Ishiba Pledges to Support Gaza
- 05/27 16:36 Japan Govt Advised to Achieve Primary Budget Surplus in FY '25-'26
- 05/27 16:02 Japan to Provide Subsidies to Lower Power, Gas Bills in Summer
- 05/27 15:50 Rakuten, 18 Others Offer to Sell Stockpiled Rice
- 05/27 14:20 Chinese Research Vessel Spotted in Japan EEZ
- 05/27 13:18 Japan Dethroned as World's Biggest Creditor in 2024
- 05/27 12:29 Fukushima Soil to Be Reused at Central Govt Facilities
- 05/27 11:09 Iris Ohyama, Don Quijote Parent Offer to Sell Govt-Stockpiled Rice
- 05/27 10:02 Japan, Italy Agree to Advance Security Cooperation
- 05/26 23:43 (Update) Japan Govt to Aim for 1 Pct Real Wage Growth
- 05/26 21:12 (Update) Japan Retail Rice Prices Hit Another Record High
- 05/26 20:41 Onosato Locks In Promotion to Yokozuna
- 05/26 20:07 Japanese Student in India Making WWII-Themed Film
- 05/26 20:04 Ruling Bloc, CDP Reach Broad Accord on Pension Reform Bill
- 05/26 19:25 Japan Govt Urged to Aim for 1 Pct Real Wage Growth
- 05/26 18:30 Japan Retail Rice Price Hits Another Record High
- 05/26 18:24 Remains of 368 Japanese War Dead Laid to Rest in National Cemetery
- 05/26 17:25 U.S. Marine Arrested for Alleged Hit-And-Run in Okinawa
- 05/26 17:22 S. Korean Presidential Hopeful Vows Practical Diplomacy with Japan
- 05/26 13:27 Fast-Eating Kids with Low Chewing Ability Prone to Obesity
- 05/26 13:27 Japan Details New Plans to Release Stockpiled Rice
- 05/26 12:22 (Update) Trump Says U.S. Steel Will Be Controlled by U.S.
- 05/26 11:52 Chisato Iwai Clinches Her 1st LPGA Victory
- 05/26 11:23 Trump Says U.S. Steel Will Be Controlled by U.S.
- 05/25 18:49 Japan's Ishiba Eyes Tariff Deal with U.S. during G-7 Summit
- 05/25 17:51 Narita Airport's 3rd Runway to Be Built by End-March 2029
- 05/25 17:04 Japan Emperor Attends National Tree-Planting Festival
- 05/25 15:37 Japan PM Ishiba Inspects MSDF Vessels in Kyoto
- 05/25 14:03 Japan's Seto Wins Int'l Critics Award at Cannes
