Nikolay is a village farmer. He has been involved in growing grapes and potatoes on his land for over 15 years. His 38 year-old son, who works as a driver, helps him with the business. Nikolay inherited a plot of land, which has over 50 varieties of grapes growing on it. He purchased a pump to provide drip irrigation for the grapes. Nikolay's plans include getting involved in selecting and growing of new varieties of grapes and to repair his tractor.
Николай сельский фермер.
На своем участке более 15 лет занимается выращиванием винограда и картофеля.
Ему помогает 38-ми летний сын, который работает водителем.
По наследству Николаю достался участок земли, на котором растет более 50 сортов винограда.
Для капельного полива винограда был куплен насос.
В планах у Николая - заняться селекцией для выращивания новых сортов винограда.
В личный планах - отремонтировать трактор.
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.