Wegro
Bangladesh
Wegro is aggregation of person to person (P2P) financing model. It sources fund from individual and institutions like Bank and Non bank Financial Institute (NBFI), assess credit worthiness of farmer, provide goods/input to farmers. They buy back crops. Farmer are not worried about market or price. Wegro get commission of the profit earned from the investment at a predetermined rate. WeGro is an agri fintech, with a motto: Investing in Agriculture, simplified. WeGro provides a mobile app platform (both Android and iOS) where users can facilitate finance for agricultural projects, such as cattle, poultry, fisheries, vegetables, etc. WeGro provides investment and guidance to smallholder farmers who are otherwise unable to access formal (almost 10 Million) financing elsewhere. Additionally, farmers can also avail access to agricultural input and access to markets. All of the projects are insured, monitored, scrutinized and available for the financiers to visit.
Digital Solution (DS) Category
Digital Agrifood Services
Digital Finance
Digital Solution Type (sub-category)
Value chains management, Market and price data analytics
Financial services and credit
Delivery type (format)
Web based platform
Mobile app
DS supplier-user category
Business to business
Business to consumers
Type of entity (ICT developer-supplier)
Agritech company
Name of supplier/developer
Wegro Technologies Limited
Primary Users
Farmers , Banks / financial institutions , Value chain actors
Digital Solution Development Stage
Commercial stage (broad use use locally)
Number of users or subscribers
WeGro is working with over 4,200 farmers across 10 zones in the country.
Measurable positive impact(s) by Digital Solution (DS) on target users and/or audience
Till November 2023 Wegro financed Tk 472 million out of that Tk 362 million has been reimbursed. Farmers are getting benefit of access to finance, quality input and market. With projects in remote areas in Bangladesh, WeGro is working with over 4,200 farmers across 10 zones in the country. The financiers receive a share of the profit and the ROI ranges from 16-24% annually.
Digital Solution Geographic scope
10 zones across Bangladesh
Name of Digital village(s), districts, communes where DS is used/deployed
On-line resource links (Web-page links, links to videos, links to reports, etc)
DS Links to FAO, UN and other Development agencies projects, initiatives and programmes