Meet Jermaine Henry, the 27 year old developer of 'FlowFacto' – a trade finance company and app that provides financing to small and medium sized exporters in Jamaica. In 2015, after spending several years working with farmers, processors, middlemen, and exporters in agriculture, Jermaine realized there was a financial gap in the industry – persons needed money to fulfil export orders – and he decided to fill this gap. Drawing from his experience in venture capital and finance, he developed a supplier relationship management app allowing small to medium sized exporters to get access to capital, to introduce farmers’ products to new markets. He and his business partner launched their company in November of 2017, and began lending in March of 2018. Although everything started out manually, their process is now automated through a progressive workflow platform, where they automatically analyse the risk around lending, and help exporters access capital that they could not before. So far, they have been successful with some exporters increasing their revenues by 50%. Although their main target is exporters, farmers also benefit greatly by being paid up front for the products they provide to exporters. Yes, there have been setbacks, but every problem they’ve faced has helped them grow and become stronger. As they continue to grow, their goal is to change the public’s perception of Agriculture to understand that farming is a significant business. Right now, many farms might be small scale and independent, but the app is trying to change that by empowering smart, dedicated, small and medium sized farmers with the capital they need to grow. In 5-10 years they hope to be servicing multiple export markets in the UK, Canada, Mexico, US and South America, as they recognize their unique app is the solution to a global problem, and they believe they have what it takes to make a significant dent in the industry. Read more about Jermaine Henry in The Jamaica Observer 🗞 http://www.jamaicaobserver.com/career-education-front-page/_169256?profile=1270 #Nutramix #YouthInAgriculture #FutureOfFarming #SustainableIndustries #FarmWithUs #LetsGrowTogether Credit @farmnutramix (at ScholarshipJamaica.com) https://www.instagram.com/p/Bzv2uBvh6OY/?igshid=oez17n0ixr71
