OVERVIEW OF THE MICRO-FINANCE.
The micro finance is a service offered to our members that enables them to save and gain access to loans (as most of them lack access to credit from banks) at a low interest rate. This was integrated in the cooperative in 2008 as a way to find a lasting solution to finance that had become a big problem as it consolidates a savings culture for big investments and Currently, our loan portfolio runs up to 160 Millions. This has enabled the cooperative to;
- Buy and sell in bulk.
- Obtain a reliable pool of money for prompt payment to farmers on goods delivery.
- Give soft loans to its members at a low interest rate of 2%.
- It promotes the savings culture for future investments.
- Premiums and dividends is a must to the members when profits are realised and this develops a feeling of ownership.