Kilimo loan is a product offered by Imarisha Sacco to its customers who have an active Fosa Account.
The loan which has an affordable low interest rate has a repayment period of 12- 48months.
Daniel Kilele, a resident of Laluk, Mulot in Narok county is a Hass avocado farmer and a beneficiary of this loan product.
According to Mr Kilele, Imarisha Sacco came through for him when he ventured into Hass Avocado farming and he is now doing so well courtesy of Kilimo loan which was his capital.
“I had tried all other crops but the yields were not good enough to help me sustain my family as farming is my only source of income. Then I decided to try out Hass Avocado farming,” he said.
Hass Avocado farm.
Though venturing into avocado farming is the best decision he made, he however indicated that the start up capital posed a great challenge to him.
“It was not easy since I wanted to venture into a large-scale avocado farming. The capital that I required was way high than I had imagined and could afford. But having been a member of Imarisha Sacco, I knew I was going to get assisted,” he said.
“So, when I visited the Sacco’s branch located in Narok town and explained my situation to the credit manager, I was advised to apply for Kilimo loan. That was it. This Sacco is a listening partner and always have solutions for their clients,” he added.
In order to qualify for this loan product, one must have channeled farm payout for at least four months and will be eligible for a 5 per cent net loan to account retained as kilimo deposits.
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