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Bank At Hause - Factor Xchange

I am the Founder and CEO of AT HAUSE limited the company behind Bank At Hause - Factor Xchange project.

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Explain your project idea (2,000 characters)

Bank At Hause - Factor Xchange(BAH-FX) is a digital ecosystem advancing financial inclusion in various sectors of local economies in the developing world. AT HAUSE Limited is in process of piloting BAH-FX supply chain through a collaboration with PICS Global LLC in Qatar to en-reach local producers who are overwhelmed in food production (organic farming) with aim of providing a better packaging solution of high quality 3ply bag, This realized in collaboration with Perdue University in United States. 3ply bag is cost effective to keep food produce for .longer periods off pests and rodents thus engaging/ enabling food security, distribution, poverty alleviation through stability of the food supply and high income revenues for farmers. BAH-FX project also has a justice extension service towards peace and prosperity of small businesses or traders we aim to support. This involves remotely accessing justice providers to mediate most of the shady deals and transactions that businesses in the supply chain experience regularly. The AT HAUSE team was mentored by the Hague Institute for Innovation of Law to identify gaps in the justice sector and propose a user friendly BAH-FX solution towards sustainable development goal 16. BAH-FX project has a planet ambition of designing bio degredable water retention polymers that store water in soils for long periods to combat drought effects that affect millions of farmers. Farmers will worry less, irrigate and store safe in 3ply bags to increase production for supply into BAH-FX supply chain to increase returns and prosperity of traders, wholesalers and retailers.

Who are the beneficiaries? (1,000 characters)

Stakeholders include; Uganda Development Bank ResilientAfrica Network Makerere Innovation and Incubation Center College of Computing and Information Sciences Target Market include; Direct customers are millions of small farmers who are widely dispersed, and a few wholesalers, … especially exporters – who are geographically concentrated, stable businesses, known to BAH-FX investors and banks, and well connected to their customers. Indirect customers are the small traders who distribute 3-ply bags to the farmers and find ready buyers with the BAH-FX-financed wholesalers.

How is your idea unique? (1,000 characters)

Value propositions include; - Low cost water retention. - High quality (3ply) bags. - Remote compliant mediation from justice providers regards regulations and policies. - Ready market acess for farm produce. - Fast credit demand and inventory supply to wholesalers and retailers. - Automated price index for farmers, traders and consumers. - Traceability of consumer packaged goods from farm to table in the developing world. Awards achieved include; 2017 Finalist in Data Science Africa 2017 World Bank Group Youth Summit committee recognition. 2018 Finalist in Uganda Development Bank iGrowth Awards.( 2018 Nominated Best Procurement/ Supply chain solution in Benzinga Global Fintech Awards in Manhattan- New York. 2018 shortlist for Africa Block Chain Conference in Kampala.

Idea Proposal Stage (choose one)

  • Initial Design: I am exploring the idea, gathering the inspiration and information I need to test it with real users.
  • Prototype: I have done some small tests or experiments with prospective users to continue developing the idea.

Tell us more about your organization/company (1 sentence and website URL)

AT HAUSE Limited AT HAUSE Limited is hustles world-shaping ideas to create custom solutions. Its primary innovation is Bank At Hause – Factor Xchange (BAH-FX). Business Industries include; Financial services, Agriculture, Supplychain, Energy and consumer packaged goods.

Expertise in sector

  • 3-5 years

Organization Filing Status

  • Yes, we are a registered company.

In 3-4 sentences, tell us the inspiration or story that encouraged you to start this project.

Having had an education from farm revenues, i identified poor packaging of agricultural produce as a great challenge farmers face alongside prolonged drought that is a result of climate change. Farmers often get cheated by traders because farmers sell quickly for fear of insects and rot. Food is often cooked on charcoal thus lots of emissions affecting climate and limited low cost renewable energy alternatives.

Please explain how your selected topic areas are influenced, in the local context of your project (1,000 characters).

Peace is influenced by rising conflicts due income inequality. The Hague institute for innovation of Law(HiiL) estimates 88% of Ugandans facing high costs and difficult in resolving justice problems. BAH-FX helps farmers and traders to remotely access justice providers for easy compliant trades or deals. Prosperity has been impacted by post harvest losses. About thirty percent of the value in Uganda’s agricultural supply chain between farmers and consumers is lost to rot, insects, birds and other pests. (Estimates range from twenty to forty percent.) Many attempts have been made to reduce these post-harvest losses, but almost all have failed because they aim directly at changing the behavior of small farmers, who are well known for their conservatism and resistance to changes pressed on them by organizations not directly involved in the supply chain. Planet has been impacted by prolonged drought an high carbon emissions. BAHFX is developing low carbon and water retention mechanisms.

Who will work alongside your organization in the project idea? (1,000 characters)

Uganda Development Bank is working with us as a business advisory and financial partner. ResilientAfrica Network is helping us in capacity building. Makerere Innovation and Incubation Center is hosting and mentoring us. Purdue University in United States alongside PICS Global LLC in Qatar are venturing with us in making unique 3ply bags. Maersk, the worlds largest logistics aggregator has expressed interest to enroll us in its FoodTrack programme to be a pilot customer, investor or cobuilder. Bridgebuiler can help us build a minimum viable product to enable us enroll in FoodTrack programme and scale our impact across global communities. BP, world's largest oil producer has offered to make $300 million dollars in working with us to build idea portfolio towards low carbon energy. We hope to work with Bridgebuilder competition organisor to grasp full impact on reducing carbon emission with support lready paired from BP.

Please share some of the top strengths identified in the community which your project will serve (500 characters)

Uganda has the largest youth population in the world at 70%. Women entreprenuers and farmers are the highest. With such reaourceful populace, i believe BAH-FX will put up strong presence and sustainable development. Ugandan government is pushing for entrepreneurship and commercial farming as means towards middle income status by 2020. I am proud to mention again that AT HAUSE Limited now has support of a national bank(Uganda Development Bank).

Geographic Focus

East Africa, Uganda and rural, underserved communities as well as urban middle class consumers.

How many months are required for the project idea? (500 characters)

36 months

Did you submit this idea to our 2017 BridgeBuilder Challenge? (Y/N)

  • No


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