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Ignat is a village farmer. He is involved in growing strawberries, potatoes, onions and sweet corn. His two sons, who are 24 and 27 years old, help him with the business. Ignat planted additional strawberries on his new land plots. He needs to purchase mechanized farming equipment to pow and cultivate the soil. His business plans are to expand the planting of strawberries, potatoes and watermelons. His personal plans include building a new house to live in.
View original language description ↓
Игнат сельский фермер. Занимается выращиванием земляники, картошки, лука и сладкой кукурузы.
По хозяйству ему помогают двое сыновей 24-х и 27-ми лет.
На своих новых земельных участках Игнат дополнительно высадил землянику. Для вспашки и культивации земли нужно приобрести мотоблок.
В хозяйственных планах - расширить посадку земляники, картофеля и арбуза.
В личных планах - постройка нового дома для жилья.

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

  • $8,200
    Average annual income
  • 1
    View loans »
    Ukraine Loans Fundraising
  • $6,441,575
    Funds lent in using Kiva
  • 8.1
    Ukraine Hryvnia (UAH) = $1 USD