Are you a dairy farmer? Are you looking at expanding your dairy farming business? Are you facing some financial challenges? Are you in need of cash for your cows? Well, this piece might just have what you are looking for in terms of cash.
Did you know that the Co-operative Bank of Kenya has a Dairy Loan? In fact, the lender offers financial solutions to dairy farmers, dairy companies, and dairy groups all over the country. You do not need to worry about your dairy anymore.
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Loans offered under the Dairy Loan by Co-op Bank:
Dairy Farm Input Finance: enables farmers to buy animal feed, fertilizer for pasture, livestock drugs, and AI services to boost milk production.
Supply Chain Finance: this helps to facilitate timely payment for milk delivered by farmers and other creditors on time.
Dairy Processing Plant Financing: this helps to facilitate the establishment and the refurbishment of a dairy processing plant/s.
What do you need to get a Dairy Loan from Co-op Bank?
You must have a Co-op Bank account (New or Existing)
Have a milk supply contract with a dairy processor
3 years experience in dairy farming
Milk proceeds payment should be through your Co-op Bank account.
Minimum financing is 5,000 shillings while maximum financing depends on repayment ability.
Read More: Milk Production Has Increased By 40% As Prices Set For Fall
There is no doubt that Covid-19 has messed up the economy. Virtually every financial planning for businesses and individuals has been disrupted. Many are banking on hope, hoping the current wind will pass and things go back to normal.
Until then, if you are a dairy farmer, open an account with Co-op Bank, have your dairy proceed pass through it and ask for a loan to better your business.