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Agricultural CeDeFi: Dimitra Lending and Insurance Platform

Agricultural CeDeFi: Dimitra Incorporated ($DMTR) is entering the agricultural lending and insurance market. Making micro loans available to 570 million small holder farmers around the world through Dimitra’s proprietary agricultural management platform.

According to the World Bank. The food industry is the largest sector of the global economy, comprising 10% of the world’s economic output. To date, only a few Crypto and DeFi applications provide services into the agricultural lending, insurance, and management space. Dimitra is driving change in this space, first with its Dimitra Connected Farmer app, second with its Livestock and Genetics Management, and now with Dimitra’s newly released SaaS model.

Jon Trask, CEO of Dimitra

comments, “utilizing a CeDeFi strategy to provide capital and insurance to operations in the agricultural industry provides farmers access to new avenues of funding. And also enables Ag-based centralized financial institutions to make an entry into the crypto market and share the risk and rewards by combining exciting new crypto concepts and solutions that accelerate the world’s largest economic sector and also provide new opportunities globally. We are very excited to partner with leading DeFi lending and insurance companies and provide these solutions to the people who need them most.”

Dimitra currently has teams on the ground in 68 countries and can provide these CeDeFi lending and insurance solutions to hundreds of millions of farms. The Dimitra Platform offers innovative risk management capabilities through satellite, drone, IoT sensor, farmer observation (photographs and measurements), and analysis. Dimitra also monitors farm performance and provides real time data driven recommendations to farmers. With the goal of increasing yields, reducing costs, and mitigating risks. Satellite analysis of previous years’ crop performance is available going back 20 years which can aid in assessing loan risks.

Dimitra’s SaaS platform has been created and developed through an discovery process with governments and NGOs across the world. This collaborative approach coupled with testing has led Dimitra to secure contracts with farm associations globally.

By using Dimitra CeDeFi mechanisms, farms and lending companys will explore innovative and modern financial lending and borrowing solutions while meeting regulatory, compliant, and conventional financial standards.

Dimitra, with its partners, will provide Agricultural CeDeFi loans in three key areas:

Farming (i.e., Crop and Livestock)

Supply Chain Management, and

Trade Finance

These types of loans will allow small holder farmers to collateralize their crops by securing a loan with crop certificates.

These loans will be under pinned by the Dimitra Token ($DMTR). Also, $DMTR token staking provides financial yield opportunities to participants in the rapidly growing world of decentralized public crypto economics.

Dimitra’s My Finance module, which is part of the Connected Farmer Platform. Automates the loan management process and speeds up the process for farmers to get loans who need them the most. In early 2022, Dimitra will announce partnerships with several crypto companies that will supplement these financing processes. Conceptually, farms will secure micro loans with crop certificates or purchase CeDeFi funded insurance policies to offset risk.

https://dimitratech.medium.com/agricultural-cedefi-dimitra-lending-and-insurance-platform-32e1ee0b8435

https://dimitra.io

Dimitra Incorporated

New Horizon Building, 3-1/2 Miles Philip S.W. Goldson Highway, Belize City

info@dimitra.io

Dimitra announces new Agricultural Technology projects in Nepal

Dimitra Incorporated is honored to sign agreements to deliver Agricultural Technology, Digital Technology & Regenerative Farming Methods in Crop and Livestock with three distinguished organizations within Nepalese agriculture: The NMC (Nepal Multipurpose Cooperative Society Ltd.), the JBS (Jiwan Bikash Samaj), and Nepal Krishi Care (NKC) Pvt Ltd. These Nepalese organizations consist of hundreds of thousands of households to whom Dimitra will provide new and innovative technology solutions for Nepal’s agriculture sectors. The goal is to ensure effective delivery to market and improve profitability for the following Nepalese crops; dairy, cereals, fish, fruits, vegetables, seed production; from farmers to end consumers with a framework of sustainable livelihood development in Nepal.

The Nepal Multipurpose Cooperative Society Ltd. 

aims to serve its members and continuously improve member health, member education, and improving environmental footprint. The NMC plans to raise members’ economic and living standards by giving members more agricultural knowledge via technology. To help with self-reliance, mutual support, a sense of frugality, and encourage the good habit of saving.

“We are trying our best to figure out how to do better for smallholder farmers. I am happy with this participant program, I don’t know how we can improve, and I think I can learn from you all on where we can improve knowingly, thank you.” — Mr. Ram Chandra Uprety, Chairman, Nepal Multipurpose Cooperative Society Ltd., Mechinagar Municipality, Jhapa, Nepal.

Jeevan Bikas Samaj (JBS) 

is a national-level NGO in Nepal established to improve marginalized people’s socio-economic and cultural circumstances. The JBS mission is to enhance the quality of life of poor people by increasing their access to resources. The JBS provides solutions for Nepal’s supply chain and the Nepalese agricultural sectors.

“ I think this is a big opportunity for us. This is the first step and I hope all these things give us a lot of knowledge and information and technologies I think especially in MIS systems and software systems. I think we can increase our bigger benefit to the local community, especially farmers. Thank you.”- Mr. Yogendra Mandal, Executive Director, Jiwan Bikash Samaj, Morang, Nepal.

Nepal Krishi Care (NKC) Pvt Ltd 

provides solutions for the value supply chain problem in the cereal sectors of agriculture. The NKC is a social enterprise that supports technologies and practices, including the internet of things (IoT). The NKC provides consulting services in different stages of the agricultural value chain.

“We feel privileged to be associated with this kind of function and having this agreement with the world-renowned Dimitra, thank you to the Dimitra team. We are really hopeful that we can use the long experience and wide experience of Dimitra in the agriculture sector in Nepal in general, and for Nepal Krishi Care in specific.”-Dr. Ramchandra Khanal, Director, Nepal Krishi Care, Belbari, Nepal.

Dimitra Incorporated is a global technology company that provides an ecosystem of agricultural technology products to advance smallholder farming performance. Through mobile technology, IoT sensors, artificial intelligence, blockchain, satellite imagery, and drones.

“I think with NMC, NKC, and JBS we will have long and fruitful partnerships and we’ll learn a lot from each other, we can bring some of our technology, we can bring all our knowledge from other countries, I am sure we will learn a lot about Nepal markets, about Nepal methods and all of the successes of Nepal Agriculture. Each country we go to, we learn a lot about that country and we learn more about ourselves.” — Jon Trask, CEO & Founder, Dimitra Incorporated

Dimitra is committing to these leading Nepalese organizations and will help enhance productivity and double Nepalese farmers’ income by adopting digital technologies and regenerative farming methods in crop and livestock management. And Dimitra will use a combination of Blockchain, IoT sensors, and more to provide a cutting-edge supply chain management platform that will also maximize and automate sales and marketing processes and digitize their supply chain. They will provide technology, training, applications, and share knowledge with farmers. Which will strengthen Nepalese institutions and enhance farmers’ productivity and profitability.

My farm, my crop, my livestock, sensor management, satellite and weather modules are creating awareness and lead to more sustainable farming practices in Nepal. Dimitra will work collaboratively with JBSNKC, and NMC. And create an implementation plan and will monitor the results during the engagement with specific objectives that are of interest to all partners. Dimitra is looking forward to all the great opportunities that this agreement will bring.

“I am very glad to be a part of this agreement ceremony between these three organizations who are linking to 400,000 farmers of the province and Dimitra. It’s a great day actually. I would like to congratulate all of you and there is, I hope that one objective, doubling the income of farmers of that area will be definitely increased with the use of this technology and the government of Nepal will be always with you. Another thing that I would like to share with you is how this technology can be transferred to the other provinces and the demand for the technology should be created among the farmers of the other province. Now, we are in a digital world and we are linking with this program in the digital world and we always struggled with new technology. Clearly Province One is the first to accept the new technology and take leaps for using this one and with the small one. Now we have three organizations who are really working with the farmers for their wealth and everything. I hope that the objective of this agreement will be fulfilled and the government of Nepal will definitely like to join with Dimitra and in the future within our rules and regulations. This is really great and I hope that with our hard work, this will continue in the whole country and will definitely increase the numbers of farmers in Nepal and that Jon will always support Nepal by interlinking farmers with the digital world. Lastly, I would like to congratulate once again to all of you, thank you.” — Mrs. Niru Dahal Pandey, Secretary, Ministry of Agriculture and Livestock Development, Kathmandu, Nepal.

Another List

One of Nepal’s primary export commodities actively contributing to the local and national economy is the Highland orthodox tea. Sought after in international markets because of its quality, aroma, taste, and aftertaste.

Nepalese tea farmers pick tea with their recipe and then roll the leaves by hand before oxidizing them. Consequently, the Nepalese tea farmers fail to receive higher international market prices. Which tempts them to increase their yields by using chemical fertilizers and pesticides to make up for lost profits.

Large cardamom is the number one commodity produced in Nepal, and its exports have doubled this year. The spice has a strong, camphor-like flavor, with a smoky character obtained from these drying methods.

When the pandemic arrived, so did an increase in demand for large cardamon. However, Nepali cash crop entrepreneurs have faced many challenges trying to keep up with the demand due to the high cost of production. Iinadequate storage facilities, tariff and transportation constraints, and the lack of knowledge from actual production to export markets.

The Highland orthodox tea and large cardamom are just two examples of how Dimitra, NMC, JBS, and NKC will work together to make a difference in Nepal using digital technology and regenerative farming practices in crops and livestock.

Dimitra Incorporated

New Horizon Building, 3-1/2 Miles Philip S.W. Goldson Highway, Belize City

info@dimitra.io