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Additional Information

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.

About Ukraine

  • $8,000
    Average annual income
  • 0
    View loans »
    Ukraine Loans Fundraising
  • $6,145,200
    Funds lent in using Kiva
  • 8.1
    Ukraine Hryvnia (UAH) = $1 USD
Ended with Loss - Defaulted
A loan of $1,625 helped this borrower to purchase plastic film and irrigation hoses for his greenhouse, as well as a motorized tiller.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 28, 2012
Listed
Jan 24, 2013
Currency Exchange Loss:
Possible
Defaulted:
Dec 23, 2014