Anatoli is a hardworking farmer from Crimea. Farming is his full-time job and the only source of income for his family. Anatoli owns 12 hectares of land and rents another 12. The crops that Anatoli grows are very diverse and include cantaloupes, onions, beans and grapes. Recently Anatoli has planted more grapes and, in order to take proper care of his crop and reduce manual labour, he has decided to invest in an irrigation system.
Please help Anatoli to develop his farm by helping him to buy an irrigation system.
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.