Loans and Grants For Poultry Farmers
Access to financing can be a daunting task for farmers and especially smallholder farmers. In most cases banks base their financing on collateral and ability to repay. They perceive agriculture in Kenya as high risk and unpredictable with few willing to venture into agri-finance. It is not all gloomy though. Some non-bank financial institutions have taken the initiative to understand and engage farmers in providing alternative sources of funding. Non-profits and micro-finance institutions have recently scaled up efforts to provide financial products for farmers. Recently, Equity Bank set aside Sh1bn for poultry farm loans and Juhudi Kilimo has unveiled plans to increase access to financial products for poultry farmers. There is growing, considerable interest in agri-finance with organizations such as Financial Accessand Scope Insight are now developing tools to help financial institutions to finance the sector. If you are considering starting a poultry farm and need access to financing, you need to structure your business in a way that the bank (or whoever you are approaching for the funds) will understand. This begins with a business plan. A business plan will help you make estimates, financial projections, market assessments and industry norms and gaps. We can assist you to develop a business plan or point you to wide ranging resources and literature that will assist you in accessing funding for your poultry project.