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Yuriy
Yuriy came to an agreement with a scientific research institute involved in issues of growing berry fields and vegetable crops with drip irrigation in 2006 and planted his first 50 grape vines. This is how his farming business began. His son, who works as a repairman at a factory, helps him with the business. Yuriy decided to plant 100 grape vines on his new plots of land. His future plans include building a greenhouse to grow grape vines for sale, buying a mini-tractor to treat his land plots and also buying a refrigerator for storing grapes. His personal plans include building a house.
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В 2006г. Юрий заключил договор с научно исследовательским институтом занимающимся проблемой выращивания ягодников, овощных культур на капельном орошении и посадил свои первые 50 саженцев винограда. Так началась его фермерская деятельность.
По хозяйству ему помогает сын, который работает мастером на заводе.
На новых земельных участка, Юрий решил высадить 100 саженцев винограда.
В планах на будущее: поставить теплицу для выращивания на продажу саженцев винограда; купить мини-трактор для обработки земельных участков, а также приобрести холодильную установку для хранения винограда.
В личных планах: постройка дома.

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
  • 2
    View loans »
    Ukraine Loans Fundraising
  • $6,441,575
    Funds lent in using Kiva
  • 8.1
    Ukraine Hryvnia (UAH) = $1 USD