Grigoriy is a farmer who grows strawberries on his small piece of land outside the city. He finds it difficult to farm because he does it by himself; however, his 18-year-old son offers to help whenever he can.
The cultivation of land for strawberries is a very difficult and labor intensive process. Currently, Grigoriy does not possess the means to hire anyone. In order to reduce the amount of manual labour required from himself and his son, Grigoriy is hoping to purchase agro film which will help by keeping the strawberry crop clean and helping to retain moisture in the soil from irrigation.
Grigoriy has two big dreams in his life. First, he wants to buy another piece of land some day and a greenhouse to grow more strawberries. Second, he dreams of finishing the building of his house.
Grigoriy's family needs you to help him finance the purchase of agro film and irrigation equipment.
About Agro Capital Management
This Kiva loan will be used to provide borrowers with needed goods or services, as opposed to cash or financial credit.
ACM uses a financing model that is relatively unique. Typically, a microfinance institution will lend money to farmers, who then purchase products they need to have a successful harvest and pay back the loan. In ACM's model, the organization purchases the agricultural goods before reselling them to small farmers on an affordable payment plan. This allows farmers to begin using the goods they buy without having to pay in full upfront.
As part of ACM's offering, clients receive training to improve crop yields. In order to cover its costs, the organization charges a small service fee. The amount of each Kiva loan includes both the cost of agricultural supplies and the service fee. As with all Kiva loans, repayments will be returned to lenders on the schedule outlined.