Meet Paul, a very hard-working, energetic, young farmer with lovely children. He lives in a house made from mud, rustic iron sheets and old wood. Although he has only farmed for a few years, Paul is working hard and learning good farming practices. Through the profits he makes, he has been able to take care of his family and provide for the basic needs of his aging parents.
Paul’s primary sources of income are milk sales and a personal business he engages in to make ends meet. He has managed to take care of his family with his income from selling milk.
Paul has always wanted to take care of another dairy cow, but a lack of capital has prevented him from doing so. He is now seeking a loan to buy an additional dairy cow to improve his milk vending business so he can generate more profits to support his family.
The cow he intends to buy is a breed that produces between 10-16 liters of milk a day. With this cow, he will produce more milk, which will translate into more income. Demand for dairy milk in his area is high, but the supply is low. So, through this loan, Paul is going to have more milk and comfortably meet demand.
A loan of $700 helps to buy an additional dairy cow to improve his milk vending business so he can generate more profits to support his children and fulfill his dream of becoming successful.
This loan is special because:
It finances smallholder farmers to purchase dairy cows, chickens, cereals and farming equipment.